Latest topics
A storm threatening Iran after the historic collapse of the riyal and the wave of demonstrations
Page 1 of 1
A storm threatening Iran after the historic collapse of the riyal and the wave of demonstrations
A storm threatening Iran after the historic collapse of the riyal and the wave of demonstrations
Monday 6 August
WASHINGTON ( Reuters)
- US Secretary of State Mike Pompeo said on Monday that Washington would retaliate against Iran after it suspended it under a nuclear deal between Tehran and Damascus, which Trump has canceled , would have a major impact on Iran's economy. As it will not enable the government of Iran to buy US banknotes, and will be subject to a wide range of industries, including textiles and carpets for sanctions, as well as the embargo, which will be the import of its oil later and penalties to be landed in foreign companies to deal with.
Iran is witnessing protests over economic conditions, deteriorating living conditions, rising unemployment and rising prices in the country's markets amid a severe foreign exchange crisis.
An attempt by the Iranian government in April to impose a fixed rate for the riyal led to a boom in currency exchange on the black market, forcing the bank to back down from its plan and later causing the currency to fall to record highs in June.
The Iranian riyal recorded an unprecedented deterioration against the US dollar, and the Iranian riyal fell to 112,000 riyals against the dollar on the black market.
The sharp fall of the Iranian currency against the dollar and other foreign currencies has led to a significant rise in the prices of cars, real estate and commodities, especially imported ones.
The Iranian riyal has been steadily declining for years, but its decline has accelerated in recent months after the US decisionThe withdrawal from the nuclear deal with Iran in May increased the pressure on the riyal.
The central bank has been criticized especially for its handling of the cash crisis and the loss of more than half of the Iranian riyal against the dollar last year, prompting the government to sack the deputy director general of the foreign exchange department of the central bank, Ahmed Araghji.
LINK
Monday 6 August
WASHINGTON ( Reuters)
- US Secretary of State Mike Pompeo said on Monday that Washington would retaliate against Iran after it suspended it under a nuclear deal between Tehran and Damascus, which Trump has canceled , would have a major impact on Iran's economy. As it will not enable the government of Iran to buy US banknotes, and will be subject to a wide range of industries, including textiles and carpets for sanctions, as well as the embargo, which will be the import of its oil later and penalties to be landed in foreign companies to deal with.
Iran is witnessing protests over economic conditions, deteriorating living conditions, rising unemployment and rising prices in the country's markets amid a severe foreign exchange crisis.
An attempt by the Iranian government in April to impose a fixed rate for the riyal led to a boom in currency exchange on the black market, forcing the bank to back down from its plan and later causing the currency to fall to record highs in June.
The Iranian riyal recorded an unprecedented deterioration against the US dollar, and the Iranian riyal fell to 112,000 riyals against the dollar on the black market.
The sharp fall of the Iranian currency against the dollar and other foreign currencies has led to a significant rise in the prices of cars, real estate and commodities, especially imported ones.
The Iranian riyal has been steadily declining for years, but its decline has accelerated in recent months after the US decisionThe withdrawal from the nuclear deal with Iran in May increased the pressure on the riyal.
The central bank has been criticized especially for its handling of the cash crisis and the loss of more than half of the Iranian riyal against the dollar last year, prompting the government to sack the deputy director general of the foreign exchange department of the central bank, Ahmed Araghji.
LINK
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24270
Join date : 2015-02-19
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee