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| Ecuadorian central bank defends commercial links with Iran |
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Governor of the Central Bank of Ecuador, Pedro Delgado, said that his country is entitled to have trade relations with any other country around the world and denied that money is being laundered in the trade with Iran. Delgado denied claims by certain Ecuadorian sectors or people with political interests regarding an alleged "financial triangulation" with Iran, and said people should be more serious when it comes to discussing this issue.
He said that over 120 nations import and export from and to that country, and no one suggests that illicit operations are taking place.
He cited the examples of Germany, whose volume of bilateral trade with Iran reached 4.46 billion USD in 2011, Britain (972 million USD), Austria (764 million USD) and the United States (270 million USD).
Iran also has important links in Latin America with firms in Brazil, Argentina and Uruguay.
Delgado rejected alleged U.S. warnings regarding Ecuadorian trade relations with Iran and said that local authorities have been honest and direct with U.S. authorities.
He said that the U.S. party has shared with Ecuador how it runs legal business with Iranian businesspeople and how to proceed in these transactions.
He explained that financial activities derived from trade relations are carried out through related banks; however, the Central Bank is not part of these private negotiations, but rather acts as a State fiduciary agent.
Delgado stressed that private banks must notify the State body about each operation and said that the government will not allow any illicit transaction, nor will it allow the interests of any given political group to prevent international negotiations.
(Source: plenglish.com)
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