Is the Iran banking system cut off even from its neighbouring countries on good terms with it?

I'm hoping to travel to Iran in the next six months and I'm aware that it's difficult to access "western" banks via ATM networks, bank transfer, etc.

But do the sanction even apply to countries that are "friends" with it in that part of the world?

I have friends in Kuwait, Georgia, and Armenia, who might possibly be able to help me get a bank account in their country or send me money after I get to Iran.

Is anything like this possible?

Yes yes I know I can carry huge amounts of cash in dollars or euros from my previous country and change it to a huge amount of Iranian cash after I arrive. I suppose I'm the only person in Stack Exchange who feels no qualms carrying large amounts of cash across border crossings I've never experienced before and around a country I've never experienced before for an unspecified period of time.

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Is Iran disconnected from Swift?

However, Iran was banned from Swift in 2012, as part of sanctions over its nuclear programme. It lost almost half of its oil export revenues and 30% of foreign trade. Swift says it has no influence over sanctions and any decision to impose them rests with governments.

Why was Iran cut off Swift?

The sanctions that the EU introduced to cut off Iran from SWIFT were to prohibit the provision of services: Regulation 267/2012 did not specifically refer to SWIFT but prohibited the supply of \u201cspecialised financial messaging services, which are used to exchange financial data\u201d to Iranian financial institutions ...

When was Iran cut off from Swift?

In 2019, SWIFT cut off access for nearly all Iranian banks.

Is Iran part of world banking system?

Iran is a member of the World Bank's Multilateral Investment Guarantee Agency. Iran joined the International Monetary Fund (IMF) on December 29, 1945.

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