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January 31, 2015 / 11 Shevat, 5775
 
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Thumbing its Nose at SWIFT Ban, Iran Relies on Alternative Methods to Continue its International Banking


Last February, Iranian Foreign Minister Ali Akbar Salehi (r.) held a joint press conference with his ALBA-member nation Nicaragua's FM Samuel Santos López in Tehran.

Last February, Iranian Foreign Minister Ali Akbar Salehi (r.) held a joint press conference with his ALBA-member nation Nicaragua's FM Samuel Santos López in Tehran.

“We’ll see how it all shakes out. Applied rapidly and with determination, 4-5 years ago, the SWIFT exclusion might well have had the desired effect. The agonizing, drawn-out, incremental nature of the sanctions, however, is basically just amplifying the world’s reasons for realignment (e.g., the clamor for resources, the growing economic strength of the former ‘Third World,’ the buzz over the BRICs—Brazil, Russia, India, China—international Islamism, the Arab ‘Spring’), and affording the time for one shift after another to occur.”

About the Author: Yori Yanover has been a working journalist since age 17, before he enlisted and worked for Ba'Machane Nachal. Since then he has worked for Israel Shelanu, the US supplement of Yedioth, JCN18.com, USAJewish.com, Lubavitch News Service, Arutz 7 (as DJ on the high seas), and the Grand Street News. He has published Dancing and Crying, a colorful and intimate portrait of the last two years in the life of the late Lubavitch Rebbe, (in Hebrew), and two fun books in English: The Cabalist's Daughter: A Novel of Practical Messianic Redemption, and How Would God REALLY Vote.


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3 Responses to “Thumbing its Nose at SWIFT Ban, Iran Relies on Alternative Methods to Continue its International Banking”

  1. Tim Belby says:

    Wondered why the South American economy was doing so well over the last couple of years! GOD bless Israel,& keep her strong.

  2. Iran has reportedly announced today they have bypassed the SWIFT ban. JewishPress.com reported the details of how they would do this, back in March.

  3. Yea called Russia & China as well as India !

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