Twenty-six Iranian banks are now reconnected to the SWIFT messaging system and should now be better able to write letter of credit (L/C) business with other financial institutions

This follows the reconnection of four more of Iran's banks to the global provider of secure financial messaging services.

Foreign branches

All four new reconnections to SWIFT are the foreign branches of key Iranian banks operating in Central Asia and the Middle East.

They are the Yerevan branch of Bank Mellat in Armenia, the Dushanbe branch of Tejarat Bank in Tajikistan and the branches of Bank Melli Iran in Baku in Azerbaijan and Baghdad in Iraq.

Reconnections

According to the director general for political and international security affairs at Iran's Foreign Ministry, Hamid Baeidinejad, the banks can now handle L/C and several other types of overseas financial transactions.

This reconnections follow the easing of economic sanctions against Iran in mid-January, Baeidinejad told Iran's Press TV.

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