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Iran's Foreign Currency Problem

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Manage episode 204276409 series 1301443
Content provided by BBC and BBC World Service. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BBC and BBC World Service or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

With US President Donald Trump threatening to impose more sanctions, Iran remains frozen out of much the international financial system despite the 2015 nuclear weapons deal.

Ed Butler speaks to a British businessman who has plenty of would-be Iranian buyers of his oil equipment, but who cannot get paid into his UK bank account. Sanctions lawyer Nigel Kushner explains why most international banks still steer clear of Iran, despite the lifting of sanctions, plus Ellie Geranmayeh of think-tank the European Council on Foreign Relations explains the latest diplomatic rumblings.

(Picture: Iranian rial banknotes, alongside US one dollar bills; Credit: Atta Kenare/AFP/Getty Images)

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2048 episodes

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Iran's Foreign Currency Problem

Business Daily

8,234 subscribers

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Manage episode 204276409 series 1301443
Content provided by BBC and BBC World Service. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BBC and BBC World Service or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

With US President Donald Trump threatening to impose more sanctions, Iran remains frozen out of much the international financial system despite the 2015 nuclear weapons deal.

Ed Butler speaks to a British businessman who has plenty of would-be Iranian buyers of his oil equipment, but who cannot get paid into his UK bank account. Sanctions lawyer Nigel Kushner explains why most international banks still steer clear of Iran, despite the lifting of sanctions, plus Ellie Geranmayeh of think-tank the European Council on Foreign Relations explains the latest diplomatic rumblings.

(Picture: Iranian rial banknotes, alongside US one dollar bills; Credit: Atta Kenare/AFP/Getty Images)

  continue reading

2048 episodes

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