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Treasury Secretary Steven Mnuchin said Thursday that the financial messaging service that moves money around the global banking system will be cutting off Iran's Central Bank.
"I understand that SWIFT will be discontinuing service to the Central Bank of Iran and designated Iranian financial institutions," Mnuchin said in a tweet. "SWIFT is making the right decision to protect the integrity of the international financial system."
The decision by SWIFT means Iran's Central Bank will be cut off from the international banking system and will cause significant economic pain, observers say. The move comes as the US tries to squeeze Iran with a slew of sanctions and economic measures that administration officials say are meant to make the regime change its behavior.
originally posted by: underwerks
Looks like they’ll need some freedom pretty soon.
Mosaddegh 16 June 1882 – 5 March 1967) was the first prime minister of free Iran. He was an Iranian politician and the head of a democratically elected government that was removed in 1953 by a CIA-backed coup, holding office as the Prime Minister of Iran from 1951 until 1953, when his government was overthrown in a coup d'état orchestrated by the United States' Central Intelligence Agency and the United Kingdom's MI6.
An author, administrator, lawyer and prominent parliamentarian, his administration introduced a range of social and political measures such as social security, land reforms and higher taxes including the introduction of taxation of the rent on land. His government's most significant policy, however, was the nationalization of the Iranian oil industry, which had been built by the British on Persian lands since 1913 through the Anglo-Persian Oil Company (APOC/AIOC) (later British Petroleum and BP).
Many Iranians regard Mosaddegh as the leading champion of secular democracy and resistance to foreign domination in Iran's modern history. Mosaddegh was removed from power in a coup on 19 August 1953, organized and carried out by the CIA at the request of MI6, which chose Iranian General Fazlollah Zahedi to succeed Mosaddegh.
While the coup is at times referred to in the West as Operation Ajax after its CIA cryptonym, in Iran it is referred to as the 28 Mordad 1332 Coup d'état, after its date on the Iranian calendar. Mosaddegh was imprisoned for three years, then put under house arrest until his death and was buried in his own home so as to prevent a political furor. In 2013, the U.S. government formally acknowledged the U.S. role in the coup, as a part of its foreign policy initiatives. 
originally posted by: xuenchen
The U.S. Treasury has somehow got the world money system (SWIFT) to start blocking transactions from Iran !!
On Wednesday, Secretary of State Mike Pompeo told BBC Persian that Iran's "leadership has to make a decision that they want their people to eat. They have to make a decision that they want to use their wealth to import medicine, and not use their wealth to fund" destabilizing activities in the region."
"The removal of Iran's central bank from Swift along with other Iranian banks implicated in terrorism, nuclear and missile proliferation, as well human rights abuses will cut the regime's access to the global financial system," said Dubowitz. "This will reduce their options to barter trade or sanctions busting. Treasury however has left open humanitarian channels that the regime should use to deliver food, medicine and other goods to the Iranian people."
A spokesman for Swift declined to comment on individual institutions and provided CNN with a statement issued earlier this week, following the re-imposition of sanctions on Monday.
"In keeping with our mission of supporting the resilience and integrity of the global financial system as a global and neutral service provider, SWIFT is suspending certain Iranian banks' access to the messaging system," the statement said. "This step, while regrettable, has been taken in the interest of the stability and integrity of the wider global financial system. Our mission remains to be a global neutral messaging provider."
Speaking to reporters last week, Mnuchin said Swift could face penalties if it failed to cut off designated institutions. "Swift could be subject to sanctions," Mnuchin said. "Swift is no different than any other entity."
The move comes as the US tries to squeeze Iran with a slew of sanctions and economic measures that administration officials say are meant to make the regime change its behavior.