Obama Signs Order for New Sanctions Targeting Iranian Currency

U.S. President Barack Obama on Monday signed an order imposing additional sanctions on Iran, for the first time directly targeting Iran’s currency, the rial.  It’s the latest U.S. step to increase pressure on Iran to change course on its nuclear program. 

The executive order further intensifies the second track of the Obama administration’s strategy on Iran, which aims to increase the economic costs, and further isolate the Islamic Republic from the global financial …

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