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A day after the sharp fall of the riyal, the governor of the Central Bank of Iran, Abdel Nasser Hemmati, said that the news related to the Trump administration’s plan, which aims to “isolate the Iranian financial system”, had an “effect psychological “in the Iranian foreign exchange market, as reported. Radio Farda, Saturday.
On Friday, Hamati referred to the rise in exchange rates in Iran’s “Forex” market and said the situation had led to “organized, and sometimes targeted, attacks against the Central Bank of Iran.”
The US agency “Bloomberg” said Tuesday that the Trump administration is studying a plan to include new packages of sanctions in order to achieve a “complete isolation” of the Iranian economy from the outside world.
Informed sources told the agency that Washington is considering targeting more than a dozen banks and classifying the entire Iranian financial sector as prohibited.
Under the plan, the US administration will classify the Iranian financial sector under Executive Order 13902, which Trump signed last January, to tighten the screws on Iran’s mining, construction and other industries.
This will affect not only banks, but also money transfer workers, as well as the informal “hawala system” that has become popular in Iran due to restrictions on its formal financial system due to US sanctions. .
After that, the administration will blacklist some 14 banks in Iran, and these banks have so far managed to evade some of the US restrictions.
Sanctions will be imposed on these banks as part of the prosecution of entities linked to terrorism, the ballistic missile development program and human rights violations.
Commenting on the proposed sanctions, Bloomberg said: “This step will effectively isolate Iran, whose economy has been crushed by losses in oil sales and other areas of trade due to current US restrictions.”
He added that isolating Iran from the global financial system “would reduce what few legitimate links it has with the outside world and make it more dependent on informal or illegal trade.”
A few days ago, Iranian President Hassan Rouhani admitted that his country had lost $ 150 billion in revenue since Washington withdrew from the nuclear deal between the two countries, signed in 2015, and reimposed sanctions on its economy.
Washington asked the United Nations and the Security Council to activate the international clause of “return of sanctions” to Iran, after it did not adhere to the nuclear agreement, and also requested an extension of the arms embargo.
Last Thursday, Washington imposed new sanctions on Iranian officials and entities for their flagrant violations of human rights, led by the judge who sentenced the late Iranian fighter Naveed Afkari to the death penalty.
