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Indian c. bank limits transactions with Iranian regime

NCRI – The Indian central bank has limited its transactions with the Iranian regime following international sanctions against the mullahs over their nuclear program, news agencies reported on Monday.

According to Reuters, India’s central bank has said, “All eligible current transactions including trade deals with Iran should be settled outside the Asian Clearing Union (ACU).”

The move comes after the Indian central bank said last week that it will not facilitate payments for imports of crude oil from the Iranian regime.