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CBI governor writes to IMF in complaint of U.S. sanctions against Iranian bank

TEHRAN, Oct. 3 (Mehr News Agency) - In a letter to the chief executive officer of the International Monetary Fund (IMF), the governor of the Central Bank of Iran (CBI) expressed regret about the U.S. recent move to cut Bank Saderat off, the Public Relations Dept. of Bank Saderat Iran reported here on Tuesday.

CBI governor Ibrahim Sheibani has warned that Iran might change its monetary policies and replace dollar with other currencies if the sanction on Bank Saderat is not lifted. "We can use banks of the neighboring countries for our international forex reserves. Moreover, we have good relations with European banks."

The measure of the U.S. Department of the Treasury is violating certain contents of the IMF Articles of Association, he added.

Iran will take all legal measurements, "and we expect the IMF to adopt appropriate stance in this regard."

U.S. Department of the Treasury cut state-owned Bank Saderat from all direct or indirect access to U.S. financial system early September.

... Payvand News - 10/3/06 ... --

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