03 December 2011
Bank Markazi Jomhuri Islami Iran (BMJII) hereby denounces US Government unprecedented action to set false money laundering charges against BMJII, stating that it is as an action of violation of international laws and practices, and an incidence of breach of central bank immunity which is a generally accepted principle respected all over the world.
The US Government has made these baseless accusations against BMJII, without providing any supporting evidence, while the Bank's activities have always been completely transparent. BMJII is administering the tasks, intrinsic to all central banks, including preserving monetary stability and management of international reserves.
BMJII foreign currency income is mainly from export of oil and related products, which according to the "Monetary and Banking Law" of the country, is credited to its accounts and is administered through international banking system. Accordingly, accusing BMJII to perpetrate money laundering on these incomes is a baseless claim, far from professionalism.
Putting pressure on a country's central bank for achieving certain political purposes is an unprecedented action which jeopardizes the entire international financial system; and US government and others supporting such actions will have their share of loss.
Apart from the accusations, BMJII will continue its legitimate and lawful activities and preserves the right to take legal action against such claims at competent international courts and forums.