On May 15, the US Treasury Department announced it was imposingsanctions against Iran’s central bank governor and another senior bank official, accusing them of involvement in the transfer of millions of dollars on behalf of the Islamic Revolutionary Guard Corps to Hezbollah, and designating them “terrorists”.

The sanctions did not directly target Iran’s central bank. But because of US President Donald Trump’s decision to abandon the nuclear deal on May 8, certain transactions with the central bank, such as the purchase of US dollars by the Iranian government, would also be targeted by the United States. Read more.