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Iran to tap into SWIFT banking system within 3 months — minister

July 24, 2015, 13:31 UTC+3 VIENNA
Lifting of all economic and financial sanctions from Tehran is stipulated by the agreement reached between Iran and the six world powers
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© EPA/ALI HAIDER

VIENNA, July 24. /TASS/. Iranian banks may tap into SWIFT system within the nearest 3 months, the country’s Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said Friday.

"This may happen within 3 months. We plan to take all steps related to sanctions within around 3 months," he said.

The return of Iranian banking institutions to the system "may yet take less than 3 months," the Minister added.

Lifting of all economic and financial sanctions from Tehran is stipulated by the agreement reached between Iran and the P5+1 group (five UN Security Council members plus Germany) on nuclear program on July 14.

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