Wednesday 04, June 2008 by Mike Gallagher

Iran’s beleaguered central bank faces challenges on all sides

A member of the team which is working to increase sanctions has said that while sanctions against Iranian banks in general may have some effect, that targeting the central bank, also known as Bank Markazi, may not be viable. The official, who spoke to CPI Financial on condition of anonymity, suggested that such a move would not be wise because it would hit the economy as a whole and said that he believed sanctions were unlikely to happen and difficult to enforce.

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