Which Iranian banks are sanctioned?

Which Iranian banks are sanctioned?

Amin Investment Bank, Bank Keshavarzi Iran, Bank Maskan, Bank Refah Kargaran, Bank-e Shahr, Eghtesad Novin Bank, Gharzolhasaneh Resalat Bank, Hekmat Iranian Bank, Iran Zamin Bank, Karafarin Bank, Khavarmianeh Bank (also known as Middle East Bank), Mehr Iran Credit Union Bank, Pasargad Bank, Saman Bank, Sarmayeh Bank.

Does the US have an embargo on Iran?

Currently, US sanctions against Iran include an embargo on dealings with the country by the U.S., and a ban on selling aircraft and repair parts to Iranian aviation companies.

Why are we sanctioning Iran?

In response to Iran’s continued illicit nuclear activities, the United States and other countries have imposed unprecedented sanctions to censure Iran and prevent its further progress in prohibited nuclear activities, as well as to persuade Tehran to address the international community’s concerns about its nuclear …

Does Iran have an international bank?

According to the Central Bank of Iran, 40 registered banks and credit institutions operate in Iran which there are five foreign banks among the active banks’ list.

Do Iranian banks charge interest?

In practice, because the banking system of the Islamic Republic is run on an Islamic interest-free basis, there are no “interest rates” per se but only “provisional profit” lending rates called Mobadala.

What is the best bank in Iran?

Headquartered in Tehran, Bank Melli is considered the largest company in terms of income in Iran and was its first national and commercial retail bank. Established in 1927, it is the biggest bank in the Islamic world and in the Middle East, with 3,328 branches and employing close to 40,000 individuals worldwide.

Who owns Iran’s Central Bank?

Central Bank of Iran