The EU, UK and US imposed additional sanctions on several senior Iranian officials and the Islamic Revolutionary Guard Corps.Īmid mounting pressure and economic isolation, Iran imposed restrictions last month on foreign currency sales after a rush on euros and dollars weakened the rial to a record low against the greenback. Western countries also stepped up pressure on Iran over its recent crackdown against anti-government protests. The Iranian currency continued to fall as the US, under the presidency of Donald Trump, tightened sanctions against Tehran. The rial plunged after the US unilaterally withdrew in 2018 from a milestone nuclear deal, known as the Joint Comprehensive Plan of Action, which Washington had struck together with the EU, Russia, China and Iran in 2015. Iran's currency surged by about 21 per cent since hitting a record low of about 583,500 against the greenback on February 27 and was trading at an average of 458,500 against the US dollar as of Sunday, according to the website Bonbast that tracks the rial.
The Iranian rial rallied against the US dollar, after the signing of an agreement between Iran and Saudi Arabia on Friday that restored diplomatic ties severed seven years ago.
0 kommentar(er)
