IFP Exclusive

“US Sanctions on Iran’s Bank Chief Break Int’l Rules”

Iran’s foreign ministry has condemned the US sanctions against the Iranian bank chief, saying that the government and Central Bank of Iran reserve the right to adopt all legal and political solutions to counter the US Treasury Department’s move.

“The last week move by US Department of the Treasury to include the name of the governor of the Central Bank of Iran and one of its directors on the sanctions list is a sign of the US’ blatant defiance of well-established international norms and rules including immunity of governments and central banks,” the Iranian foreign ministry said in a statement.

“Central banks play a role in shaping and implementing monetary policies and bringing monetary stability inside the countries and in the international system, so imposing sanctions on central bank officials is against customary and treaty obligations of governments to maintain international monetary policy,” it added.

“The US move, which indicates this government gives no weight to its international obligations, has prompted international observers to see the US government as an oath-breaker who pays no respect to international obligations.”

“The Foreign Ministry seriously condemns the US’ unconventional and illegal move, and announces that the Iranian government and Central Bank reserve the right to adopt all legal and political solutions to counter the US Treasury Department’s move,” the statement added.

“The Foreign Ministry believes a continuation of such destructive and unilateral moves by the US could have unpleasant consequences for international ties in the monetary and financial sectors,” it concluded.

Last Tuesday, the US imposed sanctions on Iran’s Central Bank Governor Valiollah Seif and an Iraq-based bank for what it claimed to be “moving millions of dollars” for IRGC.

US Treasury Secretary Steven Mnuchin accused Seif of covertly funneling money on behalf of the IRGC’s external arm, Quds Force, through Al-Bilad Islamic Bank.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Italy warns Russia’s threat to Europe much wider than imagined

Moscow’s threat to Europe extends beyond defense to illegal immigration and cybersecurity, Italian Prime Minister…

4 seconds ago

Deputy FM raps US for holding Iranians hostage

A deputy Iranian foreign minister has criticized Washington for taking Iranian nationals hostage under the…

2 hours ago

Iran’s interior minister warns population crisis looms

Iranian Interior Minister, Eskandar Momeni, has raised alarms over the nation's declining population growth, warning…

2 hours ago

US suggests Ukraine consider ceding territories: El Pais

US President-elect Donald Trump has sent a message to Ukrainian leader Volodymyr Zelensky, asking him…

4 hours ago

Iranian official touts  blanket removal of internet filtering, dismisses step-by-step plan as ‘ineffective’

A member of Iran’s Supreme Council of Cyberspace has voiced his opposition to the government's…

4 hours ago

Sacked Persepolis coach Garrido bids emotional farewell

Juan Carlos Garrido, the former head coach of Persepolis, shared an emotional farewell message on…

5 hours ago