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Israel official praises world block on Iran banks

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A currency exchange bureau worker counts US dollars, as Iranian bank notes are seen at right with portrait of late revolutionary founder Ayatollah Khomeini, in downtown Tehran, Iran, in this Wednesday, Dec. 21, 2011 file photo. The SWIFT financial transaction service says it's cutting ties with Iranian banks that are subject to European sanctions. In a statement Thursday, March 14, 2012, SWIFT, the banking hub crucial to oil, financial transactions and other trade, said the EU decision "prohibits companies such as SWIFT to continue to ...

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