Sunday, January 1, 2012

U.S. Imposes Sanctions On Iran's Central Bank

After UK forbade its banks from doing business with Iranian banks, in November, the US followed suit with sanctions. Reuters

Iran Dismisses U.S. Sanctions On Its Central Bank-Report -- Reuters

Iran dismissed on Sunday Washington's move to impose new sanctions on financial institutions dealing with the Islamic state's central bank over the country's disputed nuclear programme, the Students news agency reported.

President Barack Obama signed the bill, approved by Congress last week, which aims to reduce Tehran's oil revenues but gives the U.S. president powers to waive penalties as required.

The head of Iran's Chamber of Commerce, Mohammad Nahavandian, rejected the move as "unjustifiable", saying such sanctions would have reciprocal consequences.

Read more ....

More News On Iran's Central Bank Being Sanctioned

Banks dealing with Iran get US sanctions; those trading in energy dollars don’t -- First Post
U.S. Targets Iran's Central Bank -- Wall Street Journal
US imposes sanctions on banks dealing with Iran -- Ynet News
Obama signs 'toughest yet' Iran sanctions -- Deutsche Welle
Obama signs Iran sanctions bill into law -- BBC
Obama signs new Iran economic sanctions into law -- Digital Journal

My Comment:
The Iranians are underwhelmed.

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