We will survive US snub: Iran's Mazaheri

Tahmasb Mazaheri, the governor of the Central Bank of Iran, has said the country's banks can weather the impact of United States-imposed sanctions. Mazaheri's comments come as Angela Merkel, Germany's chancellor, said she would back more sanctions on the Middle Eastern republic.

Mazaheri, who described the sanctions as "psychological warfare", said: "The world is big and having no cooperation with one country does not stop Iran's banking activities."

But Iran could soon be facing renewed

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