Topic: Iban

Following the implementation of the nuclear deal, international sanctions on Iran are lifted, unfreezing billions of dollars in assets. President Hassan Rouhani predicts an economic boom and seeks $30-50 billion in annual foreign investment. The lifting of the embargo allows Iran to rejoin the IBAN system and accept international credit cards, which is expected to revitalize its tourism industry.

Adam Curry explains why he avoids using his Dutch bank account for show donations despite the lack of fees in the Eurozone. He cites the heavy reporting requirements for American citizens holding foreign accounts, which often leads banks to close accounts to avoid the associated paperwork.