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February 6, 2012 11:28 am

President Obama Hits Iran Central Bank With Executive Order

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Barack Obama speaking at the National Defense University. Photo: wiki commons.

JTA – President Obama sanctioned parties dealing with Iran’s Central Bank.

The executive order issued by the White House Sunday and made public Monday cuts off Iran’s economy from the United States entirely by expanding existing sanctions to include those who deal with Iran’s Central Bank, forcing interlocutors to choose between the two economies.

The intended effect is to isolate Iran from much of the world’s developed economy.

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