Sanction Against Iran’s Central Bank as Economic Terrorism

Document Type : Original Article

Authors

1 Ph.D., Student of international law, Najafabad Branch, Islamic Azad University, Najafabad, Iran

2 Professor, Department of Law, Najafabad Branch, Islamic Azad University, Najafabad, Iran

3 Associate Professor, Department of Law, Isfahan University, Isfahan, Iran

10.22034/sm.2022.551743.1858

Abstract

The purpose of the present research is to study sanction against Iran’s Central Bank as an act of economic terrorism. In this regard, the main research question is whether immunity deprivation of the Central Bank can be considered as evidence of economic terrorism. The research method is descriptive-analytic and the results indicate that deprivation of the funds immunity of Iran’s Central Bank has led to lack of services to people. As a result, the government can not perform their economic rights completely. Blocking governmental funds definitely impedes economic purposes because increasing inflation as well as recession and weakness of economic security have caused high pressure on the middle class who can be the main seekers of human rights. Furthermore, immunity deprivation of Iran’s Central Bank and governmental funds is considered as an evident interference in the countries’ internal and external affairs and violation of chapter 7 of article 2 that makes the government incapable to accomplish its duties and responsibilities. One of the important subjects to avoid harm to the citizens and violation of economic security is to prevent legislative anomalies. Therefore, deprivation of governmental funds immunity is effective on the state’s incapability and inefficiency and prevents the fulfilment of economic security. All these instances can be approved as cases of economic terrorism in the international system and violate the commitments mentioned in chapter 3 of article 2 in the charter of the United Nations. It can intensify international pressure against the country due to threatening peace and global security which are the main objectives of the international contemporary community to preserve. Immunity deprivation of the Central Bank can be considered as a component of violation of economic governance.

Keywords

References

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Transcendent Policy
Volume 10, Issue 38
January 2022
Pages 269-258

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