Donya-e-Eqtesad: Efforts to facilitate financial exchanges

In its commentary, Donya-e-Eqtesad said almost five years have passed since the FATF (Financial Action Task Force) put Iran on its blacklist which has caused significant losses to the Iranian economy. Some believe that without the lifting of the American-led sanctions on Iran, any move in this regard will be useless. Others believe that being on the blacklist has increased the severity of the sanctions and made the effect of the sanctions stronger than before.

In the past months, the sitting government has been trying to take steps towards lifting the sanctions and removing the country from the FATF blacklist. Being removed from the FATF blacklist can send a positive signal to the international community that Iran is willing to make economic reforms. Being on the blacklist not only makes banking transactions more difficult but also erodes global trust in the country’s financial system. Resolving the FATF issue is a long-term process. From the approval of domestic laws to their implementation and winning the trust of the international community requires