111/8/2018

ECONOMY/IRAN/SANCTIONS/STEVE MNUCHIN/TRUMP PEOPLE: “Treasury Secretary Steven Mnuchin said Thursday [11-8-18] that the financial messaging service that moves money around the global banking system will be cutting off Iran’s Central Bank..The decision by SWIFT means Iran’s Central Bank will be cut off from the international banking system and will cause significant economic pain, observers say. The move comes as the US tries to squeeze Iran with a slew of sanctions and economic measures that administration officials say are meant to make the regime change its behavior…The Trump administration on Monday reimposed all sanctions against Iran that had been lifted as part of the 2015 nuclear agreement. Treasury officials said at the time that the US had advised Swift to stop providing services to certain Iranian entities. And they made clear they were willing to force the matter.”

Nicole Gaouette and Donna Borak, “Mnuchin says Iran’s Central Bank to be cut off from global system,” CNN Politics, CNN.com, November 8, 2018 6:53 pm