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Scott Bessent calls for all Bank Melli branches outside Iran to close
Herz — Business Desk · · 30s summary · 1 min read
The essentials
US Treasury Secretary Scott Bessent has called for all Bank Melli branches outside Iran to be closed, according to The New York Times. Bank Melli, Iran’s first national bank and the country’s former central bank, is Iran’s largest bank. It is already subject to several rounds of sanctions that severely restrict its ability to operate abroad.
- Scott Bessent has called for all Bank Melli branches outside Iran to close.
- Bank Melli is Iran’s largest bank.
- Existing sanctions already severely restrict the bank’s operations abroad.
What we know
US Treasury Secretary Scott Bessent said all Bank Melli branches outside Iran should be closed, according to The New York Times.
Bank Melli, Iran’s first national bank and the country’s former central bank, is Iran’s largest bank.
The bank is already subject to several rounds of sanctions. These measures severely restrict its ability to operate outside Iran.
International operations already restricted
Bessent’s demand applies to every Bank Melli branch outside Iran.
It comes as existing sanctions already place severe restrictions on Bank Melli’s operations abroad.
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