[IsraelTimes] Credit cards still don't work in Islamic Theocratic Republic , and likely won't in near future; funds expected to be transferred through Dubai
| He did not say how much money was involved in the transfers, though he said the nuclear deal would give Tehran access to $32 billion in overseas assets and lower international currency transactions for the country by 15 percent. |
Iran successfully transferred some of the billions of dollars' worth of frozen overseas assets following the implementation of the nuclear deal with world powers, the head of the country's central bank said Tuesday. But ordinary Iranians are still waiting to see how their daily lives will improve and how fast Iranian companies will gain access to financial markets worldwide.
Credit cards still don't work in the Islamic Theocratic Republic and its ATM machines remain separated from the rest of the world. That is not likely to change soon as many of the world's major financial services companies operate in the United States. |