Iran Deleted From the World's Banking Computers

Posted by Soulskill on Friday March 16, 2012 @01:32AM from the let's-see-if-they-notice dept.

dtjohnson writes "Iran is being deleted from the world banking system Society for Worldwide Interbank Financial Telecommunication (SWIFT) computers as of Saturday at 1600 UTC. Once the SWIFT codes for Iranian banks are deleted, Iranian banks will no longer be able to transfer funds to and from other worldwide banks, turning Iranian international commerce into a barter operation. SWIFT is taking the action at the request of EU members to comply with international sanctions against Iran due to its program to develop nuclear weapons. The effect will be to drastically hinder Iran's ability to execute international business transactions."

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Re:The people will be the ones who suffer by sxpert · 2012-03-16 01:50 · Score: 1, Troll

it's actually the other way around... the Israelis REIGN in the USA
Re:The people will be the ones who suffer by Col.+Klink+(retired) · 2012-03-16 02:47 · Score: 1, Troll

> It's "incredibly stupid" to think that a Bush speech in 2003 caused all this.
No, I think the parent post is correct. Bush's State of the Union speech on Jan 29, 2003, is exactly the reason that North Korea withdrew from the Nuclear Non-Proliferation Treaty on January 10, 2003.

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