Official Blames Enemies for Upsetting Iran’s Currency Market

TEHRAN (defapress) – The Iranian presidential office’s chief of staff highlighted the role of the US, Saudi Arabia and the United Arab Emirates in volatility in the country’s currency market, urging strong unity in the country to weather the economic crunch.

News ID: 72766

Date: 30 September 2018 - 11:40

Speaking at a TV show on Saturday night, Mahmoud Vaezi said the enemies have focused their attempts on the foreign currency market in Iran.

Saudi Arabia, the UAE, and the US have opened markets in the cities of Herat, Dubai and Sulaymaniyah in order to raise currency prices there and impact Iran’s market, he deplored.

Vaezi called for strong rapport and unity among the Iranian people, government and business sector to deal with the economic pressures.

He also noted that the necessary imported commodities have already been purchased, assuring the nation that foodstuff and pharmaceutical products are the main priorities in the administration’s plans.

Elsewhere in his comments, Vaezi dismissed the US offer for negotiations, saying Washington should first begin to honor the 2015 Iran nuclear deal before talking about negotiations.

“Negotiation for negotiation is meaningless; it must produce results and have a purpose,” he underlined, pointing to US President Donald Trump’s futile negotiations with North Korea.

On May 8, Trump pulled his country out of the JCPOA, which was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

The US also re-imposed sanctions against Iran, announced plans to get as many countries as possible down to zero Iranian oil imports, and launched a campaign of “maximum economic and diplomatic pressure” on Iran.

Meanwhile, Iran’s market has experienced a hike in the value of foreign currencies and gold coin prices in recent months.

There has been growing demand for dollars among ordinary Iranians, who fear more plunge in the value of their assets and growing price of goods, even those not imported from abroad.

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