“Obama considering easing restrictions on Iran”…

The Obama administration is considering easing financial restrictions that prohibit U.S. dollars from being used in transactions with Iran, officials said on Thursday, sparking anger among Republicans as well as some Democrats.While no final decision has been made, officials told The Associated Press that the Treasury Department has prepared a general license permitting offshore financial institutions to access dollars for foreign currency trades in support of legitimate business with Iran, a practice that is currently illegal.Several restrictions would apply, but the change could prove significant for Iran’s sanctions-battered economy, according to AP.

Source: Obama considering easing restrictions on Iran – Middle East – News – Arutz Sheva

Advertisements