Iran's banking sector faces hurdles to reconnect to global financial system post-sanctions
Al-Monitor Pro Members
Dr. Bijan Khajehpour
Managing Partner, Eurasian Nexus Partners, Vienna, Austria
Oct. 6, 2022
Even after a potential lifting of secondary US sanctions, Iran’s banking sector will be in need of reforms to successfully reconnect to the global financial system. Issues such as remaining sanctions and regulations related to the international financial watchdog, the Financial Action Task Force (FATF), will loom large in the assessment of international banks. However, Iran’s membership in the Shanghai Cooperation Organization (SCO) will ease some of the pressure on the country’s financial sector.
Access the Middle East news and analysis you can trust
Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.