Iran central bank files US treasury complaint with IMF

26 September 2006

The Central Bank of Iran has filed a complaint against the US Treasury Department with the International Monetary Fund (IMF).

Ibrahim Sheibani, governor of the bank, said the complaint was filed for the US Treasury Department's move to cut off the state-owned Bank Saderat's dealings with the US financial system.

Mr Sheibani said the move – which was aimed at limiting Iran's access to the global financial system - was "totally politically motivated with no justification at all".

"The Central Bank of Iran has officially voiced its opposition to the measure and submitted its complaint to relevant organizations, including the International Monetary Fund," he told Dow Jones Newswire.

The US claims the Iranian government used Bank Saderat to channel funds to militant groups in the Middle East, especially the Lebanese Hezbollah faction which was recently engaged in conflict with Israel.

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