Iran: Central Bank Confirms Capital Exodus From Europe

Adnkronos International:

The recently-appointed governor of the Iranian central bank, Ebrahim Sheibani, has confirmed reports of a possible transfer of Iranian state deposits away from European banks. Iranian website Rooz-on-line reported on Wednesday that Tehran was considering shifting funds deposited in European banks to financial institutions in Asia, in particular South East Asia. It noted that the move followed the decision by the EU negotiating team (France Britain and Germany) to press the UN's atomic watchdog to refer Iran's nuclear case to the Security Council.