Iranian businesses start feeling banking benefits of JCPOA
After a long period of no-show of the banking benefits of Iran’s landmark nuclear deal with world powers, the Joint Comprehensive Plan of Action (JCPOA), it seems that Iranian businesses are at last starting to enjoy the benefits that followed the deal. The deal, reached in 2015 and implemented in January 2016, removed international sanctions on Iran in return for limiting Iran’s nuclear program. However, international banks seemed hesitant to start working with Iranian clients, fearing punishment by the United States, whose Treasury had ...
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