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How sanctions relief became a tool in Iran’s domestic battles

Opponents of Iranian President Hassan Rouhani have stepped up their criticism, claiming that Iran has not yet been reconnected to the global financial communications system.
Swift code bank logo is displayed on an iPhone 6s on top of Euro banknotes in this picture illustration made in Zenica, Bosnia and Herzegovina, January 26, 2016. Picture taken January 26. Reuters/Dado Ruvic - RTX247ND

TEHRAN, Iran — With the removal of nuclear-related sanctions on Iran, domestic opponents of the administration of President Hassan Rouhani have changed tack, shifting to criticism of his handling of the economy. In their latest attack, these critics are now questioning whether Iran has really been readmitted to the Society for Worldwide Interbank Financial Telecommunication, known as SWIFT.

The criticism has become so intense that Deputy Foreign Minister Abbas Araghchi, a senior member of Iran’s nuclear negotiating team, has stepped in to the aid of the Central Bank of Iran (CBI). Addressing critics on state television, Araghchi said, “Anyone who has any doubts can go to the SWIFT room in the Central Bank of Iran and see for themselves that the banking system has already joined SWIFT.” This is the first time that a Foreign Ministry official has come to the direct defense of Iran’s economic sector in this manner.

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