Nuclear deal may have swept away many sanctions, but Iran struggles to mesh with global financial system
February 1st, 2016By Paul Cochrane, in Beirut Following the international agreement limiting its nuclear power ambitions, Iran is essentially open for business. However, certain US sanctions remain in place, adding to Western banks' caution in dealing with Iran, long a pariah to global investors and bankers. Indeed, the biggest challenge will be reintegrating Iran's financial institutions back into the international system after their years’ long experience of dealing with, and circumventing, sanctions.
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