By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: U.S. Slams Iran Central Bank Governor With Sanctions
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

U.S. Slams Iran Central Bank Governor With Sanctions

Farouk Mohammed
By Farouk Mohammed
Published: May 15, 2018
Share
3 Min Read
SHARE

The United States (U.S.) slammed sanctions Tuesday on Valiollah Seif, the governor of the Central Bank of Iran, accusing him of helping the country’s Revolutionary Guard Corps transfer millions of dollars to Lebanon’s Hezbollah.

In the second move in a week taking aim at the money networks of the Revolutionary Guards, or IRGC, the US Treasury also blacklisted a second central bank official, Iraq’s Al-Bilad Islamic Bank and its top two executives, and a liaison between IRGC and Hezbollah, which Washington has designated an international terrorist group.

The Treasury said Seif covertly moved “hundreds of millions of dollars” to Hezbollah from IRGC via Al-Bilad Islamic Bank.

Tuesday’s action seeks to cut off what the US called a “critical” banking network for Iran, and deny those blacklisted access to the global financial system.

- Advertisement -

“The United States will not permit Iran’s increasingly brazen abuse of the international financial system,” said US Treasury Secretary Steven Mnuchin.

“The global community must remain vigilant against Iran’s deceptive efforts to provide financial support to its terrorist proxies.”

On Thursday, the Treasury announced sanctions against a “large-scale” currency exchange network serving the Revolutionary Guards, hitting six individuals and three companies at the centre of the network.

At the time, the US singled out the Central Bank of Iran as “complicit” in the operation, foreshadowing Tuesday’s action.

- Advertisement -

The move against Seif came one week after President Donald Trump withdrew from the Iran nuclear accord and signalled plans to ratchet up pressure on the Iranian economy, and especially on the economic power of the Revolutionary Guards.

A European official said that some senior figures in the US administration were pushing for a “North Korea scenario” in Iran, in reference to the drastic sanctions imposed on the North Korean regime which Washington believes helped push the country’s leader, Kim Jong Un, into halting missile and nuclear testing and agreeing to renewed negotiations.

The blacklisted head of Iraq’s Al-Bilad Islamic Bank was named as Aras Habib, who ran in last weekend’s general elections as a candidate on the slate of Prime Minister Haidar al-Abadi, whose government has been supported by the United States and the international community. He is expected to gain a seat in the newly elected assembly.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Central Bank of IranIranU.SWorld
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Facebook Close Down 583 Million Fake Accounts
Next Article Adam Oshiomhole Meets APC Caucus In House of Reps Over Party Chairmanship Bid

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 3 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Dangote Refinery
Dangote Refinery Cuts Petrol Price from N880 to N840 Per Litre
Energy & Oil News Top stories
Police Blockade of PDP Secretariat Triggers Political Turmoil and Heated Reactions
Politics
APC Welcomes Kwankwaso Back to Collaborate with President Tinubu
Politics
Olubunmi Tunji-Ojo
FG Hails Success of E-Visa System, Processes Over 14,000 Applications in Six Weeks
News
Google Releases June 2025 Core Update
Tech
- Advertisement -
Ad imageAd image

You May Also Like

NELFUND
Education

NELFund Warns Students Against Fake Loan Portal, Urges Caution Over Fraudulent Links

Yusuf Abubakar
Yusuf Abubakar
June 30, 2025
International

Tinubu and Saint Lucia’s Prime Minister Agree to Establish Formal Diplomatic Relations

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 30, 2025
Ali Bukar Dalori
Politics

Ali Bukar Dalori Assumes Role as APC Acting National Chairman After Ganduje’s Resignation

Muhammad A. Aliyu
Muhammad A. Aliyu
June 30, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?