Iranian banks reconnected to SWIFT network after four-year hiatus | Reuters:
"Global transaction network SWIFT has reconnected a number of Iranian banks to its system, allowing them to resume cross-border transactions with foreign banks after the lifting of sanctions on Tehran, a SWIFT official said.
Iran's re-entry on to the SWIFT system, four years after banks were cut off from the network, had became a political issue in the Islamic Republic in recent weeks.
Some conservative parliamentary critics of President Hassan Rouhani had complained the reconnection was not occurring fast enough and the country's nuclear deal was not delivering the expected economic benefits."
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