International Monetary Fund and International Monetary and Financial Sanctions

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Abstract:
Islamic Republic of Iran is one of the members of the International Monetary Fund. At the same time, Iran is subject to various financial and monetary sanctions and its membership in International Monetary Fund has not prevented these sanctions to be imposed. The question addressed in this article is weather these sanctions are contrary to the Articles of Agreement of International Monetary Fund? And if so, what kind of remedies is available against the states that breach the Articles of Agreement by imposing these sanctions against other members of International Monetary Fund. Is there a competent authority that has the jurisdiction to hear the complaints of the countries against them the sanctions have been imposed? The article will consider the most likely outcome of such a compliant made by Islamic Republic of Iran regarding these monetary and financial sanctions.
Language:
Persian
Published:
Journal of Banking Law, Volume:1 Issue: 2, 2014
Page:
101
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