Iran's central bank faces sanctions squeeze

nuclear

The Iranian central bank's transactions could face close international scrutiny if a proposed package of sanctions against the country is approved by the United Nations Security Council.

A UN official told CentralBanking.com that the proposals, put forth on Tuesday, specifically targeted the central bank for the first time.

In the draft document, the Security Council calls on member states to "exercise vigilance over transactions involving Iranian banks, including the Central Bank of Iran, so as

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