IMF to continue cooperation with Iran Central Bank

Tehran, May 25, IRNA - International Monetary Fund (IMF) declared on Friday that it will continue cooperation with the Central Bank of Iran (CBI) chief despite the US sanctions against him. “Iran is a member of the IMF, and as with all our members, the IMF will continue to work with Governor Seif and the central bank, consistent with the IMF’s Articles of Agreement,' IMF's Communications Department announced in a response letter to CBI which has asked the international financial body to clarify its stance regarding the US treasury sanctions. The US Treasury on May 15 unilaterally sanctioned Seif after the May 8 decision of the US President Donald Trump to leave the JCPOA and re-issue sanctions against Iran after 90 and 180 days. After sanctions of the CBI Chief and one of the directors of the bank by the US Treasury, the Ministry of Economy and Finance issued a statement to emphasize that the act was illegal and contrary to the international rules and regulations, aiming to fan negative psychological war against Iranian banking system. The statement said Iranian financial and banking system will continue cooperation with international financial and international structures. 'However, Iranian financial system has changed its structures in such a way that such measures will not harm it,' added the statement. 1378/1378