West Seizes On Iran’s Currency Woes

The Wall Street Journal, Washington, 4 Oct 2012 – The U.S. and Europe are working on new coordinated measures intended to accelerate the recent plunge of Iran’s currency and drain its foreign-exchange reserves, according to officials from the Obama administration, U.S. Congress and European Union.
The first salvos in this stepped-up sanctions campaign are expected at a meeting of EU foreign ministers on Oct. 15, including a ban on Iranian natural-gas exports and tighter restrictions on transactions with Tehran’s central bank, European officials said.
A number of additional banks are also expected to be targeted, in the continuing effort to press Supreme Leader Ayatollah Ali Khamenei.