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The BBC has posted a report on the readiness of Iranian banks to deal with developments after sanctions are lifted, which could be before the end of the year.
Bankers say key issues include:
- lack of access to SWIFT, though this could restored immediately after sanctions
- high levels of non-performing loans
- high real interest rates
- high inflation
- the dual exchange rate system, though this could end by the middle of 2015.
- lack of skills in the banking industry
- inadequate regulation.
The biggest challenge will be unexpected trends in the Iranian economy which is likely to be the fastest-growing in the world next year.