Iran Central Bank

Former governor of Iran's central bank sent to prison

Former governor of Iran's central bank sentenced to 10 years in prison for violating the country's currency system.

An Iranian who wanted to expose bank security flaws fled the country and proved his point, exposing 3 million bank accounts.

Switzerland has decided not to impose sanctions on Iran's central bank, or to prevent commodities traders from moving Tehran's oil.

"It is time to tighten sanctions without letting up," Steinitz tells visiting Italian prime minister.

Iranian president Mahmoud Ahmadinijad refused to raise bank interest rates causing his nations struggling currency to drop 6%

The U.S. is lobbying other countries to cut down their imports of Iranian crude to pressure Tehran into stopping its nuclear activities.

The Senate's tough sanctions bill on Iran was carried unanimously despite administration objections