"... If you manage to cut everyone off, when Iran sells something, they have to go to the entity to collect the money in a suitcase..."

In the Washington Times/ here

".... Building on steps taken during the second term of the George W. Bush presidency, the Treasury Department likely will designate Iran's central bank as a terrorist-supporting entity.

In 2005, Mr. Bush issued Executive Order 13382 to bar financial entities involved in nuclear proliferation from the U.S. financial and commercial system. The Treasury Department has designated 15 Iranian banks since 2007, a Treasury spokesman said Tuesday.

"The Iranian central bank is implicated in promoting the regime's proliferation efforts and terrorist activities throughout the region. Given the sensitive nature of this institution's activities, it would be a logical target of the Treasury Department designation efforts," said Avi Jorisch (previously a Hezbollah 'expert' at the WINEP), a former policy adviser on terrorist financing at the Treasury Department and the author of "Tainted Money" ... (to) include trying to persuade European Union banks to bar transactions with Iran in euros...... Mr. Askari said. "Once you do that, it means they cannot receive payments. If you manage to cut everyone off, when Iran sells something, they have to go to the entity to collect the money in a suitcase."......

The question for now is whether the international community, China in particular, will go along with new pressures on Iran's economy.

The United States will need China at the very least to support a new Security Council resolution against Iran. China also could undermine financial sanctions with Iran by allowing its banks to write notes of credit for Iranian transactions..."