April 4, 2016 / 7:27 PM / 2 years ago

U.S. does not plan to grant Iran access to U.S. financial system

WASHINGTON (Reuters) - The Obama administration does not plan to give Iran access to the U.S. financial system, a State Department spokesman said on Monday.

A currency exchange dealer counts U.S. dollar banknotes for a client at a shop in northern Tehran in this file photo taken on October 3, 2010. Reuters/Morteza Nikoubazl

“The administration has not been and is not planning to grant Iran access to the U.S. financial system,” State Department spokesman Mark Toner told reporters at a briefing. On Friday, President Barack Obama said the United States was not looking to permit the use of its financial system for dollar-denominated transactions with Iran, and said foreign companies could work through European banks.

Reporting by Arshad Mohammed; Editing by Leslie Adler

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