Central Bank of Iran (CBI) governor Seif Valiollah mentioned that Iran has a reputation for not being exactly transparent on countering financial support for terrorist operations. He further blamed the regime’s willingness to facilitate money-laundering schemes as another factor discouraging investment from abroad, and indirectly criticized the overweening influence of the huge business conglomerates run by the Islamic Revolutionary Guard Corps (IRGC) on the Iranian economy.
Nasser Hakimi, another CBI official blamed Iran’s own banks for access problems with the Society for Worldwide International Transactions (SWIFT) network.
Several of Iran’s key banks had not yet purchased or installed the required software and financial identifier codes that would enable SWIFT to become operable in Iran.
Central Bank of Iran (CBI) officials have admitted that the regime’s own financial policies, and not the United States, are responsible for some of the country’s banking problems. CBI governor Seif Valiollah admitted recently that Tehran’s failure to reap more economic benefits from the JCPOA agreement is, at least in part, Iran’s own fault.
These revelations by Iran’s top banking officials refute charges by Iranian hardliners that the United States has been orchestrating a toteyeh bozoorg (“grand conspiracy”) to deny Iran access to international banking networks.
CBI officials and others have detailed the shortcomings of Iran’s own banking system. These CBI statements challenge the skewed comments in the Iranian press that America’s refusal to grant foreign banks access to U.S financial services is what is responsible for Iran’s bank problems. Some of the negative commentary came from economists disappointed with President Rouhani’s management of the economy.