Multiple protests over currency drop continue in Iran
Multiple protests over currency drop continue in Iran
World by Haider Ali | Published
06 August, 2018, 10:14
The deal had a list value of $536 million, though buyers and manufacturers typically negotiate lower prices.
Experts see a number of possible outcomes for the current USA policy toward Iran.
The Toulouse, France-based firm did not immediately respond to a request for comment.
However, the regime has developed its intelligence network well over the past 40 years, throughout the country, so it is hard for people to protest without risking arrest - or, worse, their lives. They're the world's largest state sponsor of terror.
The US has set a deadline of 4 November for major buyers of Iranian oil to stop their purchases.
The timing of the cryptocurrency's introduction couldn't be more important, as the aggressive moves by the Trump administration are already putting a tight squeeze on Iran's suffering economy. If they want to survive, their choice is clear - meet the "great Satan".
On Monday, Iran's currency hit an all-time low against the U.S. dollar as a fresh round of sanctions looms - the rial fell to 112,000 against the 1 USD, down from 98,000.
Come August 6, Iran will no longer be able to buy or acquire US dollars.
In recent days, protests have broken out in several cities, with at least one person shot and killed.
Witnesses said that the security forces fired tear gas and clashed with demonstrators in the center of Isfahan, while police forces and protesters exchanged throwing stones.
The sanctions that go back into effect on Monday cover Iranian trade in automobiles and metals, including gold.
China imports more oil from Iran than any other nation.
The U.S. State Department said on its Persian-language Twitter account: "While it is ultimately up to the #people_of_Iran to determine their country's path, #America supports the voice of the Iranian people, which has been ignored for a long time".
Rouhani has suggested Iran might block the Strait of Hormuz in response to a shutdown of its oil exports.
The exercise could shut down of the Strait of Hormuz, a crucial Gulf passage for shipments of numerous commodities.
The president also issued an all-caps threat to Iranian President Hassan Rouhani last month, warning him not to threaten the US or "YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE".
"Mr. Trump! Iran is not North Korea to accept your offer for a meeting", Jafari was quoted as saying by the Fars News agency.
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Some sanctions will take effect from August 6 while others, notably on the petroleum sector, will take effect on Nov 4. In May, Trump controversially pulled America out of the nuclear deal Obama agreed with Iran in 2015.
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