From Tuesday ... Iranian consulates in Iraq are drawing non-dollar fees

From Tuesday ... Iranian consulates in Iraq are drawing non-dollar fees



20-05-2018 11:06 AM

Iranian media said on Sunday that Iranian diplomatic offices in Iraq will begin to collect consular services either in euros or dinars instead of the US dollar as of next Tuesday.

"This decision comes as part of a new Iranian policy to reduce its dependence on the US currency, especially as the legal risks imposed by US sanctions on the Islamic Republic have made lenders and foreign companies unwilling to deal with Tehran," the agency said.

It is noteworthy that the price of the Iranian currency fell against the dollar in recent days to an unprecedented level in the history of the country, where the dollar exceeded the barrier of five thousand tomans after four thousand tomans last October.


In an interview with the 'Tasnim', a member of the Budget Committee in the Iranian parliament, Jabbar Kuchki Nejad, the government, working to raise the price of the dollar to meet the deficit in the general budget, which was denied by the government earlier on the words of Iranian Vice President for Economic Affairs Mohammad Nahwandian, The administration of President Hassan Rowhani is trying hard to stabilize the market and fix the price along with controlling inflation and rising prices.

The devaluation of the local currency is the second in two months, as the tumans fell to the same level in early February, prompting the security forces to intervene and launch raids in the exchange market in central Tehran and arrest dozens of accused of manipulating the money market.

Economists say the sharp drop in the Iranian currency is due to increased demand for the dollar during the New Year's Day, where hundreds of thousands of Iranians spend their holidays abroad.

Other experts attributed the decline to US President Donald Trump's announcement of an extended sanctions freeze on Iran for the last time, calling for an amendment to the nuclear deal, along with new sanctions on individuals and entities linked to Iran's nuclear program and missile program.

The Iranian currency was relatively stable with the signing of the nuclear deal in 2015, but the prospect of Washington's withdrawal from the agreement will challenge the government of President Hassan Rowhani, and its ability to restore stability to the market.

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I GUESS HE IS SAYING,WE DONT NEED YOUR-





https://www.youtube.com/watch?v=YR5ApYxkU-U