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The Obama Administration has announced new trade sanctions on Iran its in ongoing effort halt Tehran's nuclear program. There will be new penalties for financial institutions that deal in Iranian currency, which should cause the rial to devalue further. However, as Iran does not do much international trade in the rial, new sanctions on the country's car industry could be felt more acutely.

BBC Persian Television correspondent Kasra Naji joins Marketplace Morning Report host David Brancaccio from London to discuss.