Iran's major banks have halted the transfer of dollars abroad as a result of US financial sanctions and fears that the money may be seized by the US authorities."On Monday, we received a directive asking us not to make any dollar transfers abroad," an official in the Export Development Bank of Iran said on condition of anonymity. "
Our customers can have accounts opened up in dollars and receive transfers in dollars. But we do not make any more transfers abroad in dollars," he added.
An official in Mellat Bank, confirmed the decision.
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