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Rep. Zeldin Statement on Iran’s Potential Access to the U.S. Dollar

April 5, 2016
Press Release

Washington, DC – Congressman Lee Zeldin (R, NY-1), member of the House Foreign Affairs Committee, today released the following statement in response to reports that the Obama administration will provide Iran access to the U.S. dollar:

“It is a bad idea to provide Iran access to the U.S. dollar, which is currently blocked through sanctions. Other nations do not process transactions with Iran, because they do not want to be cut off from the U.S. market. Our financial system provides critical leverage to hold countries like Iran accountable for their actions. Iran is the world's largest state sponsor of terrorism. Providing Iran with access to the dollar would only boost Iran’s destabilizing criminal activities. This latest action by the Obama Administration demonstrates a continued weakness on the part of the United States to give in to Iranian demands."