Iran complains foreign banks restricting its dollar dealings

Iran said yesterday its dollar transactions had been restricted by seven or eight international financial institutions, and warned Tehran could switch its holdings into other currencies. The Iranian statement came amid mounting Western pressure on Tehran to give up its quest for uranium enrichment that could lead to the country acquiring the atomic bom. President Mahmoud Ahmadinejad said Iran would not back out intits standoff with the West and Russia announced new talks to break the deadlock, Kazinform quotes Arabnews.

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