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                    New US Sanctions Target Iran's Currency

   by VOA News

   President Barack Obama has signed off on new U.S. sanctions against
   Iran, targeting its already shaky currency, the rial.
   The White House says it will impose sanctions on foreign banks and
   others who knowingly buy or sell large amounts of the rial. It also has
   imposed sanctions on banks that hold large accounts in the rial.
   The U.S. also will sanction those who sell parts that Iran can use to
   build cars, trucks and other vehicles, and on those who provide
   material support to Iranian officials already targeted by earlier U.S.
   sanctions.
   These new sanctions are part of Obama's commitment to stop Iran from
   building a nuclear weapon - a charge it denies - and Iran's failure to
   meet its international obligations.
   The White House again said the door is open to a diplomatic solution
   with Iran. It warns of increasing consequences if Iran continues down
   its current path of defiance.
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References

   1. http://www.voanews.com/content/us-sanctions-iran-currency/1674510.html