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Saturday, 18 February 2012

It's WAR?.................from Rico

Holy crap!

Iran is to be dropped from the SWIFT system [Society for World-wide Interbank Financial Telecommunications] in Belgium.
- This means Iran can NOT send or receive Bank money wires through SWIFT.

SWIFT operates the bulk of global cross-border payments.
- The NB of Belgium operates SWIFT.

This is kinda 'serious' folks, and amounts to a 'financial' declaration of war.


FYI -
SWIFT
1 B-1310 La Hulpa tel +32 2 655 31 11.

Famous last words redux: Oh shite!

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