“Lenders will face the two main challenges of reduced international activity of Iranian banks and the impact of rial’s depreciation on inflation toward the end of the current Iranian year [March 20, 2019],” Mohammad Ali Sahmani also told the Persian daily Donya-e-Eqtesad in a recent interview. “They threaten Iran’s banking industry with dire consequences, including severance of relations with high-profile global lenders, disconnection from the Society for Worldwide Interbank Financial Telecommunication and difficulty in procuring hardware and software equipment in international markets,” he added. SWIFT is a platform that enables financial institutions across the world to send and receive information about transactions in a standardized and secure manner, Financial Tribune reported.