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June 17, 2008       Share:    

Source: http://www.reuters.com/article/companyNewsAndPR/idUSDAH63024720080616

Iran Withdraws $75 Billion from European Banks

[Reuters ] Iran has withdrawn $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions, Shahrvand-e Emrouz, an Iranian weekly, reported. "Part of Iran's assets in European banks have been converted to gold and shares and another part has been transferred to Asian banks," Mohsen Talaie, deputy foreign minister in charge of economic affairs, was quoted as saying.

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