Iran foreign ministry denies Tehran's assets moved
Posted on: Sunday, 22 January 2006, 06:00 CST
TEHRAN (Reuters) - Iran's Foreign Ministry on Sunday flatly denied any currency had been transferred from Tehran's overseas accounts to protect holdings from possible economic sanctions over work on its atomic programme.
The Foreign Ministry's statement contradicted Central Bank Governor Ebrahim Sheibani, who was quoted on Friday as saying foreign holdings were being shifted.
The Central Bank of Iran, in a statement faxed to Reuters on Sunday, denied a newspaper report that it was shifting funds to East Asia but did not comment on whether transfers were occurring elsewhere. It also did not address the contradiction with the Foreign Ministry.
"So far we have not moved any hard currency. We have not transferred it," Foreign Ministry Spokesman Hamid Reza Asefi told a news conference.
Iran faces referral to the U.N. Security Council for possible sanctions after failing to convince the world its atomic programme is peaceful. It has bitter memories of its U.S. assets being frozen after the 1979 Islamic revolution.
Sheibani on Wednesday told reporters that Iran stood ready to repatriate foreign-held assets if that were to prove necessary.
On Friday, he was quoted by the ISNA and Fars news agencies as saying: "We transfer foreign reserves to wherever we see as expedient. On this issue, we have started transferring. We are doing that."
Prior to Sheibani's comments on Friday, the Asharq al-Awsat Arabic daily reported that Iran's Supreme National Security Council had ordered that overseas assets be sent to Hong Kong, Singapore, Shanghai and Malaysia.
In its statement on Sunday, the central bank said: "Iran's currency reserves will be kept in trustworthy banks all over the world including those in European and non-European countries."
However, the statement did not clarify the meaning of Sheibani's comments on Friday. It only denied the reported transfer to Asia, and did not comment on whether Iran was moving money to other destinations or repatriating it.
Analysts said it was unclear what Iran would gain by transferring money to other foreign accounts, which would be equally subject to U.N. measures.
Some, however, suggested that Iran could still be eyeing Switzerland and Gulf accounts as refuges.
Source: REUTERS
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