Four Iranians Reportedly Killed in Israeli Airstrike on Syria's Airbase

10 April, 2018, 19:36 | Author: Roderick Gutierrez
  • FSMNews

However, some now believe that US President Donald Trump's hostile rhetoric, including his recent threat to scrap a landmark nuclear deal with Iran, has been effective in the deterioration of the Rial's depreciation.

In January, Trump announced he is waiving the USA sanctions against Iran for the "last time". Trump has effectively set that as a deadline for European powers to "fix the bad flaws" of the deal. "We are much more prepared than they think, and they will see that if they violate this accord, within a week, less than a week, they will see the result", Rouhani said.

Reuters notes that "Iran has warned that it would ramp up its nuclear program if the JCPOA collapses, to achieve a more advanced level than before the deal".

Those sanctions would not involve measures that were lifted under the nuclear deal but would target individual Iranians that the European Union believes are behind Iran's ballistic weapons program and its support for Syrian President Bashar al-Assad. Iran insists its efforts have been for research and technology, and that its missiles are purely defensive.

The government will sell the USA dollar at a rate of 42,000 rials to all individuals and businesses, Iran's First Vice President Eshaq Jahangiri said in a statement recorded for state TV and published on its website, adding that enemies of the Islamic Republic and of the government were behind the instability.

Tehran and Moscow are completely unanimous in many regional fields, he said, adding, "It is understandable for us that some Western countries are annoyed with Russian Federation and are trying to make problems for this great power in the region and the world".

An Oil Price Rally Is Likely

"We do not officially recognize any other rate than this one", he said.

According to Press TV, Iran unveiled 84 achievements in the areas of centrifuge technology, nuclear fission, nuclear medicine, and power plants.

The rial fell to a record low of 57,000 against the dollar by late afternoon on the unregulated currency market, according to the semiofficial Iranian Students' News Agency.

The Iranian rial hit a record low against the USA dollar for the second time in two months over concerns about Iran's economy, rattling businesses and prompting some currency dealers to suspend trading.

The government will sell the United States dollar at a rate of 42,000 rials to all individuals and businesses.



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