Saturday, February 18, 2012

Global clearinghouse ready to evict Iranian banks (AP)

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FILE - A currency exchange bureau worker counts US dollars, as Iranian bank notes are seen at right with portrait of late revolutionary founder Ayatollah Khomeini, in downtown Tehran, Iran, in this Wednesday, Dec. 21, 2011 file photo. An international banking clearinghouse crucial to Iran's oil sales said Friday Feb 17 2012 that it is preparing to discontinue services to Iranian financial institutions, an unprecedented and potentially devastating blow to Tehran as the West ramps up a campaign to stop its nuclear program.(AP Photo/Vahid Salemi, file)AP - A financial clearinghouse used by virtually every country and major corporation in the world agreed Friday to shut out Iran from its respected network, an unprecedented escalation of global economic pressure to halt Iran's suspected drive for nuclear weapons.


Source: http://us.rd.yahoo.com/dailynews/rss/iran/*http%3A//news.yahoo.com/s/ap/20120217/ap_on_re_us/eu_iran_sanctions

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