Knowledge Center Archive
Is Iran About to Receive a SWIFT Kick?
While many analysts are concerned about the possibility of military conflict between Iran and the West over the formerís nuclear ambitions, economic and financial sanctions against Iran continue to escalate. In recent months, Europe and the U.S. have put increasing pressure on the Society for Worldwide Interbank Financial Telecommunication to stop facilitating cross-border financial transactions for Iranian banks.
Depending on how far this measure goes, it could severely impact Iranís ability to export oil and obtain foreign exchange reserves. While the situation is still developing, such measures have the potential to impact markets and the global economy.
SEI is monitoring the situation primarily from a market risk and asset allocation perspective.
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