Tag: Rial
Iran calls US sanction threat ‘foolish’ and ‘nothing new’
Iranian Foreign Minister Mohammad Zarif dismissed U.S. threats to reimpose all U.N. sanctions if the U.N. Security Council does not extend an arms embargo on the country.
“Making foolish claims by U.S. officials is nothing...
Tehran approves currency change from rial to toman as economy struggles
Iran’s parliament passed legislation to cut four zeros from the rial after a steep drop in the value of the currency, Iranian state media reported on Monday.
The bill paves the way for Iran to...
Iranian regime faces most serious threat in 40 years as economy worsens
Former President Mahmoud Ahmadinejad has recently become one of the most vocal critics of the Iranian regime, while Reza Pahlavi, exiled son of the late Shah, has been stepping up his activities in the...
Iranians take to the streets amid currency collapse, some shouting ‘death to Palestine’
Massive protests have erupted in Iran with in recent days as the country’s economic crisis worsens, with many Iranians blaming the government’s costly foreign interventions as the root of their economic ills.
The unrest began...