20 January 2006

Iran 'moves assets out of Europe'

Iran has started moving its foreign exchange reserves out of Europe in a bid to shield the country from the threat of sanctions, reports suggest.
Iran's central bank governor said the country had begun withdrawing assets from European banks, the Iranian Students News Agency reported.

Iran is embroiled in a row with the US and European Union over allegations it is attempting to build nuclear weapons.

The UN's atomic agency is due to meet on 2 February to discuss the crisis.

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