Malaysia bank offers Iranians special debit card, after some have accounts closed [Reuters (UK)]
MALAYAN BKNG BERHAD S/ADR (MLYBY)
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Source: Reuters
Malaysia bank offers Iranians special debit card, after some have accounts closed - Reuters 3 Min Read KUALA LUMPUR, March 9 (Reuters) - Malaysia’s top lender Malayan Banking Bhd (Maybank) is offering its Iranian customers debit cards to use locally for ringgit transactions, a relief for them after other banks threatened to close their accounts. Last year, Malaysia’s CIMB Group Holdings and RHB Bank sent closure notices to many Iranian clients, a sign that U.S. sanctions were having far-reaching effects on citizens of the Islamic republic. Former Malaysian Prime Minister Mahathir Mohamad, after a Reuters story on the closures, said his government was forced to “make it difficult” for Iranians living in the Southeast Asian country. Maybank has since January offered Iranians local debit cards that do not carry the usual Visa or MasterCard logos, meaning they are not meant for international transactions, many of those receiving the cards have told Reuters. “It is issued to enable this gr
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