The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Iran’s bankers wait for Trump’s next move

Immediately after Donald Trump’s election victory, Euromoney visited Tehran to gauge the reaction of one group likely to be affected more than most – Iran’s banking community. Throughout his campaign Trump threatened to tear up the nuclear agreement that has allowed Iran to take its first tentative steps towards international rehabilitation. But bankers in Tehran are determined to hold on to their hard-won gains.

Trump Rip-600

Illustration: Morten Morland

"I have no knowledge of US politics, to be honest,” he says, wryly, as he reclines in his chair. “But my understanding so far is: Democrats say something, do something else and stab you in the back. With Republicans, it’s two ways – war or business. 

“Jimmy Carter, Bill Clinton, Barack Obama: these are all complicated people with complicated solutions,” he continues. “They never resolve issues. At least, with Republicans, we have a clear picture.”

This is the view of a senior Iranian banker in his office in Tehran, as he tries to make sense of Donald Trump’s imminent accession to the White House.

Trump’s election is of vital significance to Iran’s banks because he has vowed to undo the nuclear deal signed last year, which removes nuclear-related sanctions on Iran and its banks in exchange for limitations on the country’s nuclear programme. The deal, the Joint Comprehensive Plan of Action (JCPOA), was ratified by Iran, the permanent members of the United Nations Security Council (the US, China, Russia, France and the UK) as well as by Germany and the European Union.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?