U.S. targets Iran with currency, auto-sector sanctions




 
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U.S. targets Iran with currency, auto-sector sanctions
 
June 4th, 2013  
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Topic: U.S. targets Iran with currency, auto-sector sanctions


U.S. targets Iran with currency, auto-sector sanctions
WASHINGTON (Reuters) - The United States on Monday ratcheted up its efforts to isolate Iran for its suspected nuclear weapons program, targeting Tehran with currency and auto-sector sanctions. President Barack Obama imposed sanctions on foreign financial institutions that conduct or facilitate significant transactions in the Iranian rial, meant to further weaken a currency that has already lost two-thirds of its dollar value since late 2011 as a result of Western sanctions. A senior administration official said the low level of the rial was a key vulnerability for the Iranian government. ...




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