Amid rumors, White House rules out giving Iran access to US dollar

The Obama administration will continue to block Iran’s access to the dollar or the U.S. financial system, its top sanctions official said amid speculation to the contrary.

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“We will not provide Iran access to the U.S. financial system, and we will not restore the ‘U-turn’ authorization,” Adam Szubin, the acting undersecretary of the Treasury for terrorism and financial intelligence said Wednesday at a conference of the Foundation for Defense of Democracies.

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