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Emirate and Bahrain against U.S. "financial terrorism" on Iran: Centtral Bank Director

TEHRAN, Feb. 06 (ISNA)-Bahrain and Emirate protect Iran's banking system against Washington's "financial terrorism," the director of Iran's central bank, Tahmasb Mazaheri said.

The U.S. pressures for blocking Iran's access to the global financial system on western countries to isolate Iran are futile because regional oil producers' cultural, political and economic ties are very tight, he told the Reuters.

Iran and its neighbors would not sacrifice their long-term interests because of unilateral pressures; he added "I call this unilateral pressure a kind of financial terrorism... which the world's financial system can't bear."

The central bank will help Iran's private section and state banks to fulfill their commitments regardless of the pressures imposed on them, Mazaheri noted.

He also explained that Iran diversifying its reserves and not utilizing U.S. dollar both because of "political reasons and the trend of the weakening dollar" would stand against these measures.

... Payvand News - 02/06/08 ... --

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