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USA announces sanctions against Iran-Linked Currency Exchange Network



The Trump government sanctioned nine Iranian citizens and companies on Thursday for allegedly running a money-sharing network that, with the help of the Iranian central bank, transferred millions of dollars to the Iranian Revolutionary Guard, the Ministry of Finance (19659002) "actively supported the agreement that included currency transfers from Iran to the United Arab Emirates," said a statement issued on Thursday evening by the Ministry of Finance. The United Arab Emirates joined the United States to disrupt the currency network. 19659002] "Countries around the world must be vigilant against Iran's efforts to use its financial institutions to exchange money and finance the ruthless actors of the IRGC QF and the world's largest state terror sponsor," said Finance Minister Steven Mnuchin in the statement.

The action comes two days after President Donald Trump announced that the US is withdrawing from the Ir a nuclear deal and the reintroduction of sanctions that existed before the 201

5 agreement. As of 7 August, the US will impose sanctions on the purchase or purchase of US dollar banknotes by the Iranian government, said the Ministry of Finance.

"The Iranian regime and its central bank have abused US dollar companies' access to finance the malicious activities of the IRGC-QF, including funding and arming its regional proxy groups by concealing the purpose for US dollars were purchased, "Mnuchin said. "As I said after the announcement of the President on Tuesday, we are anxious to eliminate the IRGC revenue streams regardless of their source and destination."


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