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Catchword for “U-turn transaction”
Catchword: U-turn transaction
Filed under: ,
Part of speech: n.
Quotation: Iranian banks and other institutions could previously send transactions through US banks as long as they were initiated by a non-Iranian or American bank outside the US and ended in a non- Iranian or American bank outside the US. That practice, known as “U-Turn” transactions, has been banned in attempt to further isolate Iran’s financial sector.
Article or document title:
“US tightens Iran’s access to international finance” (URL)
Article, document, publication, web site:
Monsters & Critics
Date of publication:
Nov. 6, 2008
This catchword has yet to be researched.
Posted 11 Nov 08 | Permalink | Tell a Friend

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