Deputy for foreign exchanges affairs for Central Bank of Iran Gholamali Kamyab told IRNA on Monday that though the CBI together with other Iranian banks had joined SWIFT two weeks ago, they were practically able to use it only yesterday.
He said the delay was due to time-consuming banking procedures.
He also noted that most of efforts to make SWIFT practical in Iran focused in software operations by the banks.
Noting that the issuance of Letter of Credit (LC) is being underway, Kamyab said the value of the LC cases to be issued depended on the volume of banking relations.
After the nuclear deal that led to the termination of sanctions, Iran gained access to around 100 billion euros of its assets that were frozen in countries around the world.
