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20 January 2006 -- Iran's Central Bank governor says Tehran has started transferring assets held in European banks.
Ebrahim Sheibani did not say how much money is involved, but said Tehran is ready to re-allocate all the money it holds abroad, if necessary.
Iran is facing possible sanctions over its nuclear program if the country is referred to the United Nations Security Council.
Experts said the move makes sense for a country facing the possibility of economic sanctions.