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Editor’s Note: The following report is excerpted from Joseph Farah’s G2 Bulletin, the premium online newsletter published by the founder of WND. Subscriptions are $99 a year or, for monthly trials, just $9.95 per month for credit card users, and provide instant access for the complete reports.
WASHINGTON – The International Monetary Fund doesn’t intend to go along with the idea of severing financial ties to Iran’s central bank as the U.S. has demanded in its sanctions that are due to go into effect in June, says a report from Joseph Farah’s G2 Bulletin.
The IMF said its account with Iran’s Bank Markazi is related to Iran’s membership in the IMF and doesn’t violate sanctions imposed on Tehran due to its refusal to stop its nuclear program, which the West believes is a designed to develop nuclear weapons.
Now, a U.S. anti-Iranian group of former U.S. diplomats and government officials insists the IMF should close its account with Bank Markazi.
Called United Against Nuclear Iran, the anti-Iranian group also has been critical of IMF Managing Director Christine Lagarde for meeting with Bank Markazi’s chief during the recent IMF spring meeting last month in Washington.
“The IMF must also stop treating the Iranian regime like a responsible government in good standing at a time when the international community is trying to isolate it,” the advocacy group said.
The IMF, however, said the IMF account at Iran’s central bank is there to hold the Iranian funds committed to the IMF as an obligation of its membership as a crisis lender.
William Murray, IMF spokesman, said that in accordance with the IMF constitution, the IMF holdings of each member’s currency “are maintained with the central bank of the relevant member, including Iran. There is nothing in the E.U. or U.S. sanctions regimes that are inconsistent with these arrangements.”
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