ar Asian Impact Webinar: Global Spillovers from Data-Dependent US Monetary Policy By www.adb.org Published On :: 2024-11-13 The Federal Reserve’s monetary policy has become increasingly data-dependent, with inflation and employment figures driving the nascent easing cycle. What does this mean for Asia’s financial markets? Full Article
ar Senior Secretariat Assistant By www.adb.org Published On :: 2024-11-04 ADB has a vacancy for the position of Senior Secretariat Assistant in the Office of the Secretary. The deadline for submitting applications is on 18-NOV-2024. Full Article
ar Development Asia: Enhancing Environmental Safeguards in Financial Intermediaries By www.adb.org Published On :: 2024-10-01 The Asian Development Bank (ADB) has provided loans to financial intermediaries to support projects “whose individual financing requirements are not large enough to warrant the direct supervision of ADB.” Full Article
ar Asian Development Blog: Five Sustainable Solutions to Drive Armenia’s Crossroads of Peace Initiative By www.adb.org Published On :: 2024-10-15 Armenia’s Crossroads of Peace initiative offers a vision of peace and stability through improved infrastructure and trade. It is also a great opportunity to build sustainable infrastructure, improve customs clearance, and promote green trade. Key reforms in road safety and foreign direct investment are essential for long-term success, positioning Armenia as a strategic hub for regional trade. Full Article
ar Asian Development Blog: Five Strategic Steps to Unlock Armenia’s Data Center Potential for Economic Growth By www.adb.org Published On :: 2024-10-16 Armenia's data center industry offers significant opportunities for economic growth, with strategic reforms in regulation, financing, and technological innovation playing crucial roles. Addressing infrastructure challenges and fostering public-private partnerships will help position Armenia as a regional digital hub. Full Article
ar Asian Development Blog: How Strengthened Regulations and Healthcare Can Prevent Lead Poisoning By www.adb.org Published On :: 2024-10-23 Lead exposure remains a significant public health threat in Asia and the Pacific, especially in low- and middle-income countries. The global effort to address lead poisoning must focus on stricter regulations, enhanced healthcare capacity, and coordinated international action to protect vulnerable populations. Full Article
ar Asian Development Blog: How to Build Deep and Liquid Capital Markets in Asia and the Pacific By www.adb.org Published On :: 2024-10-31 Overcoming poor market depth and liquidity is crucial for Asia's capital markets to grow and remain attractive to investors. A coordinated approach addressing regulatory frameworks, market infrastructure, and risk management is essential for building resilient, diverse, and efficient markets. Full Article
ar Asian Development Blog: Three Ways Capital Markets Can Accelerate Climate Finance in Asia and the Pacific By www.adb.org Published On :: 2024-11-13 Asia and the Pacific is central to global climate change efforts, but robust capital markets are needed to mobilize private climate finance. Sustainable finance frameworks, transition finance, and carbon markets can build deeper markets that empower climate action. Full Article
ar Colorado Proposition KK to create an excise tax on firearms and ammunition passes By www.denverpost.com Published On :: Tue, 05 Nov 2024 22:00:23 +0000 Prop. KK will create an excise tax on firearms and ammunition, primarily to pay for victim services. Full Article Election Latest Headlines National News News Politics Election 2024 guns National Politics
ar Amendment J: Removing ban on same-sex marriage from Colorado Constitution up in early voting By www.denverpost.com Published On :: Tue, 05 Nov 2024 22:00:36 +0000 Colorado voters will decide whether to repeal the state constitution's now-defunct marriage definition that only recognizes unions between a man and a woman. Full Article Election Latest Headlines National News News Politics election Election 2024 gay marriage LGBTQ National Politics same-sex marriage U.S. Supreme Court
ar Kamala Harris wins Colorado in presidential election, AP projects By www.denverpost.com Published On :: Wed, 06 Nov 2024 03:09:54 +0000 This is the third presidential election in a row that the state's voters have rejected Trump -- after going in 2016 for Hillary Clinton, and in 2020 for President Joe Biden. Full Article Election Latest Headlines National News News Politics Donald Trump election Election 2024 Election Night Links Electoral College Kamala Harris National Politics
ar Trump on Day 1: Begin deportation push, pardon Jan. 6 rioters and make his criminal cases vanish By www.denverpost.com Published On :: Sun, 10 Nov 2024 13:05:23 +0000 Donald Trump has said he wouldn’t be a dictator — “except for Day 1.” According to his own statements, he’s got a lot to do on that first day in the White House. Full Article Latest Headlines National News News Politics Donald Trump National Politics
ar A pair of Trump officials have defended family separation and ramped-up deportations By www.denverpost.com Published On :: Tue, 12 Nov 2024 14:10:26 +0000 Trump’s first picks for immigration policy jobs spent the last four years angling for this moment. Full Article Latest Headlines National News News Politics Customs and Border Protection Donald Trump Immigration and Customs Enforcement National Politics Stephen Miller
ar Here are the people Trump has picked for key positions so far By www.denverpost.com Published On :: Tue, 12 Nov 2024 16:31:34 +0000 President-elect Donald Trump is starting to fill key posts in his second administration. Full Article Latest Headlines National News News Politics Donald Trump Elise Stefanik National Politics Stephen Miller
ar CSU Rams in unfamiliar territory heading into Border War By www.denverpost.com Published On :: Tue, 12 Nov 2024 23:56:53 +0000 Even though the Colorado State football team has already checked a couple of boxes off its to-do list for this season, the stakes are still as high as ever for Friday night's Border War game against Wyoming. Full Article College Sports Sports csu rams
ar Alexandar Georgiev’s latest bounce back another important sign for potential Avalanche surge By www.denverpost.com Published On :: Wed, 13 Nov 2024 00:03:14 +0000 Georgiev looks like a different goaltender in early November than he did last month. Full Article Colorado Avalanche Latest Headlines NHL Sports Alexandar Georgiev Avalanche Jared Bednar Jonathan Drouin Justus Annunen Mikko Rantanen Miles Wood More Avalanche News Stanley Cup
ar Denver police sergeant arrested for domestic violence assault By www.denverpost.com Published On :: Wed, 13 Nov 2024 00:16:40 +0000 Denver police sergeant Stephanie Neblock was arrested on suspicion of domestic violence assault in Douglas County, the Denver Police Department said in a press release. Full Article Crime and Public Safety Latest Headlines News crime domestic violence Douglas County police
ar Greeley police officer kills mountain lion near school By www.denverpost.com Published On :: Wed, 13 Nov 2024 00:33:24 +0000 The mountain lion was considered a public threat and had activated a shelter-in-place order for nearby residents. Full Article Crime and Public Safety Latest Headlines News Greeley Police Department mountain lion police wildlife
ar Broncos OLB Nik Bonitto has transformed into pass rushing star in Year 3: “He’s certainly made the leap” By www.denverpost.com Published On :: Wed, 13 Nov 2024 01:16:29 +0000 Nik Bonitto's production has steadily increased since being taken in the second round out of Oklahoma in the 2022 draft by the Denver Broncos. Full Article Denver Broncos Latest Headlines NFL Sports More Broncos News Nik Bonitto Sean Payton
ar Sharing the Fruit of Forestry Products: Indigenous People and Their Incomes in the Forestry Sector in East Kalimantan, Indonesia By www.adb.org Published On :: This study examines the impact of economic development in forestry on the indigenous people who have traditionally lived in and obtained their livelihood from the forest. It takes villages in East Kalimantan, Indonesia, as a case study. Full Article Publications/Papers and Briefs
ar Dealing with Dollarization: What Options for the Transitional Economies of Southeast Asia? By www.adb.org Published On :: What should the transitional economies of Southeast Asia do, if anything, to address their multiple currency situations? Full Article Publications/Papers and Briefs
ar Dollarization and the Multiple Currency Phenomenon in Lao PDR: Costs, Benefits and Policy Options By www.adb.org Published On :: This paper examines the costs and benefits of the multiple currency phenomenon in Lao PDR and considers options in terms of policy response. Full Article Publications/Papers and Briefs
ar People's Republic of China and Its Neighbors: Partners or Competitors for Trade and Investment? By www.adb.org Published On :: How has the recent dramatic growth of PRC's exports affected its neighbors? Have they lost export markets and seen foreign investment diverted to PRC? This paper surveys the empirical evidence on these important questions. Full Article Publications/Papers and Briefs
ar Rice Contract Farming in Lao PDR: Moving from Subsistence to Commercial Agriculture By www.adb.org Published On :: This study finds contract farming in Lao PDR to be effective in raising incomes of small farmers, thus reducing poverty. Full Article Publications/Papers and Briefs
ar The Trend of Regional Income Disparity in the People's Republic of China By www.adb.org Published On :: Regional disparities within and among Chinese provinces have declined, but are still a serious problem. Full Article Publications/Papers and Briefs
ar Infrastructure Challenges in South Asia: The Role of Public-Private Partnerships By www.adb.org Published On :: South Asian private sector participation in infrastructure development is examined, and recommendations are made for future development. Full Article Publications/Papers and Briefs
ar Using ICT in Capacity Building for Poverty Reduction in Asia: Lessons Learned from the Microfinance Training of Trainers Course By www.adb.org Published On :: Research on ICT and capacity building for poverty reduction, focusing on lessons learned from a distant learning course in microfinance. Full Article Publications/Papers and Briefs
ar Economic and Social Development in the People's Republic of China's North-East Region: a Comparative Study By www.adb.org Published On :: This paper analyses economic and social indicators across provinces in the People's Republic of China. Full Article Publications/Papers and Briefs
ar India asks states to consider setting up nuclear power plants, list power utilities By www.dawn.com Published On :: Tue, 12 Nov 2024 23:17:07 +0500 India’s federal power minister on Tuesday asked the states that are away from coal resources to consider setting up nuclear-based power plants, besides identifying and listing the power utilities to meet investments to support growing power demand. The Indian government in its federal budget this year had proposed to partner with private players to develop small nuclear reactors to increase the amount of electricity from sources that do not produce carbon dioxide emissions. States should consider setting up nuclear power plants at the sites where coal-based thermal power plants have completed their life, Manohar Lal, the country’s power minister, told states as per a government statement. India’s stringent nuclear compensation laws have hampered talks with foreign power plant builders such as General Electric GE.N and Westinghouse. The country, which currently has about 8 gigawatts of nuclear capacity, aims to increase it to 20 GW by 2032. The minister also asked the states to identify and list their power utilities in the country’s stock exchange to meet increasing investment demand in the power sector as well as improve the transmission system to add more renewable capacity. India has pledged to achieve a net zero carbon emission target by 2070 and has a target of 500 GW of renewable energy by 2030. Full Article World
ar Arrested facilitator of 2023 Peshawar Police Lines blast was ‘our own policeman’: KP IG By www.dawn.com Published On :: Tue, 12 Nov 2024 18:33:21 +0500 A suspect who was allegedly involved in the 2023 blast at Peshawar Police Lines mosque, that claimed 84 lives, was arrested a day earlier and has been identified as police constable Muhammad Wali, the Khyber Pakhtunkhwa Inspector General of Police (IG) Akhtar Hayat Khan Gandapur revealed in a press briefing on Tuesday. On Jan 30, 2023, a powerful explosion ripped through a mosque in Peshawar’s Red Zone area where between 300 and 400 people — mostly police officers — had gathered for prayers. The banned Tehreek-i-Taliban Pakistan (TTP) had claimed responsibility for the attack. It later distanced itself from the blast but sources earlier indicated that it might have been the handiwork of some local faction of the outlawed group. Addressing the press conference in Peshawar today, IG Gandapur said the “remaining missing link” was related to who had facilitated Qari, the alleged suicide bomber. “As a result of that effort, […] we arrested this person along with two suicide jackets from near Jameel Chowk on Peshawar’s Ring Road on 11/11, meaning yesterday,” the IG stated, referring to the facilitator. “Based on the interrogation, it was deduced that the facilitator was our own policeman,” who he identified as Muhammad Wali. “The suspect operated in line with the order of the banned organisation Jamaatul Ahrar and has received Rs200,000 through the hundi-hawala system,” KP IG said, adding that the policeman also received Rs40,000 to Rs50,000 from the banned group per month. “He received Rs200,000 which cost the lives of hundreds of people who were martyred. He sold his [own] brothers for this,” the IG added. The top cop further revealed that the suspect dropped off the suicide bomber at the Pir Zakori bridge. “After the blast occurred, he contacted his handler named Junaid and informed him about the success of the operation via Telegram,” he stated. While the police already knew that Jamaatul Ahrar was involved in the blast, the suspect was the “missing link” who acted as a local facilitator. The police inspector general said that Muhammad Wali was also involved in other incidents. In Feb 2024, the suspect handed a pistol to a person from Jamaatul Ahrar named Saifullah in Lahore to target a member of the Ahmadiyya community, the KP IG said. He targeted a priest at Peshawar’s Jameel Chowk in Jan 2022, he added. According to Gandapur, social media played a key role in such incidents, adding that “Fitna al Khawarij and other extremist organisations use social media to brainwash and radicalise people”. In July, the government, through an official notification, designated the TTP as Fitna al Khawarij, while mandating all institutions to use the term khariji (outcast) when referring to the perpetrators of terrorist attacks on Pakistan. Then-KP IG Moazzam Jah Ansari had said in February last year that the suicide bomber was “clad in a police uniform”. He had said that technical evidence and information collected suggested that the blast was the work of TTP’s Jamaatul Ahrar faction. In March 2023, the KP Counter-Terrorism Department (CTD) said the mastermind and the handler of the suicide bomber had been traced, stating that both of them were Afghan nationals. Then-CTD chief Shaukat Abbas said the suicide bomber was identified only by his alias “Qari” and his handler was identified as Ghaffar aka Salma. He had further confirmed that the attack was carried out by Jamaatul Ahrar. Full Article Pakistan
ar Punjab govt orders closure of all schools as province tackles hazardous air quality By www.dawn.com Published On :: Tue, 12 Nov 2024 20:00:36 +0500 The government of Punjab on Tuesday — expanding on its previous order — closed all the educational institutions up to the higher secondary level in the province from tomorrow until the end of the week, shifting them to an online mode, as the province tackles the hazardous smog situation prevalent for the past few weeks. The recent smog situation was declared a “calamity” in Punjab last month. Schools have been closed in the province’s main divisions — Lahore, Gujranwala, Faisalabad and Multan — until November 17 in a bid to lower children’s exposure to pollution. Separately, the public has been barred from entering public parks, zoos, playgrounds, and museums until November 17 to reduce public exposure to smog. A day ago, the United Nations Children’s Fund (Unicef) representative in Pakistan called for urgent and greater efforts to reduce air pollution, noting that over 11 million children under five years of age were exposed to smog in the worst affected districts of Punjab. The province’s Environmental Protection Agency (EPA) said in a notification issued today, a copy of which is available with Dawn.com that “All the educational institutions […] up to higher secondary level shall remain closed and will shift to online mode with effect from Nov 13 within […] DG Khan, Bahawalpur, Sahiwal, Sargodha and Rawalpindi divisions […] till Nov 17.” Punjab Education Minister Rana Sikandar Hayat also announced the closure of schools during a press conference today, saying that the “decision was made in light of the complaints received from the district.” “This drastic decision had to be taken to protect children from the deadly effects,” he said, “There is a sense of educational loss, but the decision to close educational institutions is being taken out of compulsion. “In view of the difficulties in online teaching, an alternative strategy is being quickly brought in,” the minister added. He also appealed to the public to cooperate and do what was in their capacity to help the government deal with this issue. 50pc of govt offices to work online Separately, all government offices were ordered to shift half of their workforce to online mode to reduce traffic load on roads to prevent the worsening of the smog situation due to vehicular emissions. “The physical presence of human resource(s) of offices in your jurisdiction may kindly be reduced to 50pc by shifting them to online mode/work from home,” the EPA said in a separate notification issued today. In the order issued on Tuesday, which is seen by Dawn.com, the Punjab EPA directed all the administrative secretaries, as well as heads of attached departments and semi-government/autonomous bodies, to reduce the physical presence of human resources by 50 per cent. According to the notification, the situation was likely to prevail for a few weeks, adding that local pollution contributing factors, especially vehicular emissions, may further exacerbate the conditions. “Hence, the situation warrants to specify safeguards to reduce the number of vehicles on roads in order to control air pollution, through preparation and implementation of contingency plans,” the notification said. The EPA also called for inter-departmental meetings to be convened in an online mode unless the physical presence of participants was “extremely necessary”. Bad-quality air aggravating pulmonary diseases: doctor Speaking to Dawn.com, a pulmonologist at Multan’s Nishtar Hospital, Dr Nasir Javed, said that asthmatic patients, who were earlier stable, are now facing chronic health conditions due to the smog. “[Due to the smog], asthma patients would start feeling inflation in their airways and it would become difficult for them to breathe smoothly,” he said. “Even medicines have stopped working properly to cure the problem.” He further added that asthmatics and chronic smokers with chronic obstructive pulmonary disease (COPD) were at greater risk and were visiting the hospitals with exacerbation of their diseases. “Air-Quality Index is directly proportional to the symptoms/ severity which one can suffer,” he said. “Limited outdoor activity and hydration are the mainstays to avoiding respiratory issues as antibiotics were of no use.” Smog to persist in major cities as weather conditions worsen: NDMA Meanwhile, the National Disaster Management Authority (NDMA), in an advisory issued today, said that the smog situation was expected to persist across the urban centres in Punjab and Khyber Pakhtunkhwa throughout November and December due to high humidity, low wind speeds, and upper atmospheric pressure. According to the advisory, as reported by the Associated Press of Pakistan (APP) the cities most likely to be affected by the worsening smog situation include Lahore, Faisalabad, Multan, Bahawalpur, Peshawar, Mardan, and Nowshera. “The advisory highlights the rising smog levels in the affected areas, driven by the current weather conditions, and advises residents to avoid prolonged outdoor exposure and adopt protective measures to safeguard their health,” the *APP report said. “[…] The National Emergency Operation Centre has been monitoring the current smog situation in Pakistan and surrounding regions. According to the advisory, the team has access to advanced ground-based and space-based monitoring tools, enabling the analysis and projection of pollution emissions from various sources, including industry, transportation, and agriculture. Precautionary measures The NDMA advisory recommended the public adopt several measures to mitigate the effects of smog, such as avoiding unnecessary outdoor exposure during peak smog hours, especially in the morning, and wearing masks during outdoor activities, according to the APP. “Staying hydrated, using dehumidifiers and air purifiers to improve indoor air quality, and adopting efficient transportation methods—like carpooling and eco-friendly driving, along with using COx and NOx filters—are also advised,” it said. Full Article Pakistan
ar Constitutional bench to start hearing cases from Nov 14: Supreme Court By www.dawn.com Published On :: Tue, 12 Nov 2024 23:26:57 +0500 The Supreme Court (SC) on Tuesday announced that the recently established constitutional bench will start hearing cases on November 14 and 15. Earlier, the SC constituted a three-judge committee to fix cases, issue court rosters, form benches, and decide weekly caseload for its recently established constitutional bench. The committee held a meeting today which was chaired by Justice Aminud Din Khan (head of the constitutional bench) and attended by Justice Jamal Khan Mandokhail and Justice Muhammad Ali Mazhar, who participated through a telephone call from Karachi. The SC said in a press release, a copy of which is available with Dawn.com, that the purpose of the meeting was to discuss matters for the formation of the constitutional bench. During the meeting, the committee was briefed by the court’s registrar’s office regarding the pending constitutional cases, the statement said adding, “[The] committee resolved that priority shall be accorded to the oldest cases.” On Nov 5, the Judicial Commission of Pakistan (JCP), in its maiden session, had picked Justice Amin as head of the constitutional bench by a seven-to-five majority. Chaired by Chief Justice of Pakistan (CJP) Justice Yahya Afridi, the reconstituted JCP formed a seven-member constitutional bench, including Justices Aminud Din Khan, Jamal Khan Mandokhail, Muhammad Ali Mazhar, Ayesha A. Malik, Hassan Azhar Rizvi, Musarrat Hilali and Naeem Akhtar Afghan. Today’s press release mentioned that Justice Ayesha Malik will not be available on Nov 14 and 15 and “a bench comprising all available Judges shall be constituted to proceed with cases on these dates.” The SC Registrar Muhammad Salim Khan released the court roster of a six-member constitutional bench which will begin hearing cases at 9:30am on Nov 14. The bench will include Justice Jamal Khan Mandokhail, Justice Muhammad Ali Mazhar, Justice Hasan Azhar Rizvi, Justice Musarrat Hilali and Justice Naeem Akhtar Afghan. The SC directed the Registrar to schedule cases for hearing before the bench. The next meeting of the committee will be held on Nov 13 at 12:30pm after Justice Muhammad Ali Mazhar arrives in Islamabad. Full Article Pakistan
ar PTI livid after leaders arrested from outside Adiala By www.dawn.com Published On :: Wed, 13 Nov 2024 08:17:58 +0500 • Omar Ayub, Shibli Faraz, Asad Qaiser among those detained, then released • Party slams govt over detention of senior leaders who sought to meet Imran in prison • Police cite Section 144 violations as basis for action ISLAMABAD: Several PTI leaders were briefly detained on Tuesday outside Adiala Jail while attempting to meet the party’s incarcerated chairman, Imran Khan, sparking condemnation from the party. Opposition leaders in the National Assembly and Senate, Omar Ayub Khan and Shibli Faraz, former National Assembly speaker Asad Qaiser, Opposition Leader in the Punjab Assembly Malik Ahmad Khan Bhachar, and Sunni Ittehad Council (SIC) Chairman Sahibzada Hamid Raza were among those arrested. The police claimed that the party leaders were arrested under Section 144 of the Code of Criminal Procedure (CrPC) but were later released with a warning. View this post on Instagram Mr Qaiser told Dawn that PTI had approached the Islamabad High Court (IHC) after being denied access to meet Imran Khan. “The court summoned the jail superintendent, who assured us that we could meet Khan Sahib. On Tuesday, we arrived around 2pm with the court order in hand, but the jail authorities still barred our entry,” he said. “It feels like there’s a law of the jungle in Pakistan. We were taken to a nearby police post and, after contacting others through our mobile phones, the media arrived, and we were eventually allowed to leave,” he said. “We have decided to lodge an FIR, submit a privilege motion and raise the matter in standing committees,” he added, denouncing the act as a violation of basic human rights and contempt of the IHC’s directive. The PTI leaders also accused Prime Minister Shehbaz Sharif, Punjab Chief Minister Maryam Nawaz and Inspector General of Police in Punjab Dr Usman Anwar for issuing orders of their illegal detention. A police official told Dawn that the PTI leaders were taken to a police post after they ignored warnings about the prohibition of gatherings due to Section 144. However, they were soon freed after being issued a warning. “If they had refused to leave, the police would have taken legal action against them,” a senior police official said. ‘Absolutely shameful’ The PTI also condemned the incident on social media. “Absolutely shameful! Omar Ayub Khan, Shibli Faraz, Asad Qaiser, Ahmed Bhachar and Sahibzada Hamid Raza have been arrested outside Adiala Jail for simply exercising their right to meet with Imran Khan, as permitted by law. This should alarm anyone who values the rule of law, as it shows how basic freedoms are being trampled upon,” the party said on the social media platform X (formerly Twitter). A video posted online by the party showed Omar Ayub in a vehicle with police officers nearby, and Hamid Raza being pulled aside by uniformed personnel. A police van was also visible in the video. Later, at a press conference, Mr Faraz decried the police action, calling it a breach of constitutional rights. He said the party leaders who went to meet Imran Khan were arrested even though they did not hold any rallies or public meetings or show any aggression. In a statement, PTI’s Central Information Secretary Sheikh Waqas Akram denounced the government’s actions as a violation of democratic freedoms and called for legal consequences for those responsible. He denounced the government’s “disregard for the judiciary” and for allegedly committing contempt of court, urging the court to take stern measures against those responsible for violating the law. Mr Akram said that the senior PTI leaders waited until 3pm outside Adiala Jail but were not allowed to meet Imran Khan. However, when they attempted to leave, they were taken into custody. He said the government was “crossing all limits of barbarism and brutalities” as the PTI leaders, workers and supporters were being detained and harassed in total disregard for the law. Maryam’s trip Separately, the PTI lashed out at the Sharif family over Maryam Nawaz’s visit to Geneva for what the party called a “minor medical procedure”. The party’s spokesperson accused Ms Nawaz of abandoning the residents of Punjab, who are facing severe smog, inflation and rising crime, while she seeks treatment abroad at public expense. Mohammad Asghar in Rawalpindi also contributed to this report Published in Dawn, November 13th, 2024 Full Article Pakistan
ar Iran, Russia link bank card systems to counter sanctions By www.dawn.com Published On :: Wed, 13 Nov 2024 10:12:04 +0500 TEHRAN: Iranian bank cards can now be used in Russia, state television reported, as the two countries linked their banking systems in the latest bid to counteract sanctions. Iranian banks have been excluded since 2018 from the SWIFT international financial messaging service, which governs the vast majority of transactions worldwide. The move is part of a raft of sanctions that were re-imposed on Iran after the United States withdrew from a landmark 2015 nuclear deal. Iranian bank cards can now be used in Russia, state television channel IRINN said on Monday, showing the withdrawal of money using an Iranian bank card from an ATM in Russia. Iranians can now use their cards in Russia to pay for in-store purchases The operation was made possible by connecting Iran’s interbank network Shetab to its Russian equivalent Mir, the channel said. Iranians can currently withdraw money in Russia, and will in the future be able to use their cards to pay for in-store purchases, it added. “The plan is also going to be implemented in other countries that have a wide range of financial and social interactions with Iran, for example Iraq, Afghanistan and Turkiye,” it said. Both Iran and Russia have sought to counteract the effects of sanctions on their economies. Since the start of Russia’s invasion of Ukraine in 2022, Moscow has faced mounting sanctions, and its ties with Tehran have grown closer in parallel. Ukraine and its Western allies have since the start of the conflict accused Iran of supplying Russia with both drones and missiles for use in the war. Tehran and Moscow signed an agreement in June to strengthen their cooperation in the banking sector. In the future, Russians will also be able to use their bank cards in Iran, IRINN said, without specifying when. Russia has been pushing for the creation of an international payment platform as an alternative to the SWIFT service, from which key Russian banks have also been excluded since 2022. Published in Dawn, November 13th, 2024 Full Article World
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