IMF rejects call to cut ties with Iran

EU Business Tuesday 1st May, 2012

(WASHINGTON) - The International Monetary Fund on Tuesday rejected a call by a US anti-Iran group for it to cut its relations with Tehran's central bank in order to adhere to US and European sanctions.The IMF said its account with Bank Markazi is simply related to Iran's membership in the IMF and does not contravene sanctions placed on Tehran to pressure it not to develop nuclear weapons.The advocacy group United Against Nuclear Iran, a group of ...

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