BREAKING: Iran's president sends bill to parliament that would cut 4 zeroes from value of the nation's sanctions-battered currency.
Pedestrians walk on a sidewalk in eastern Tehran, Iran, Monday, Aug. 19, 2019.
TEHRAN, Iran — Iran’s president has sent a bill to parliament that would cut four zeroes from value of the nation’s sanctions-battered currency, the rial. Semi-official news agencies reported the news on Wednesday, saying President Hassan Rouhani send the bill with urgency to the parliament to consider.
Iran’s rial has been hammered by the effects of increasing U.S. sanctions on the country since President Donald Trump’s decision to pull out of Tehran’s nuclear deal with world powers over a year ago. On Wednesday, the rial traded at 116,500 to $1. At the time of the 2015 nuclear deal, the rial traded 32,000 to the dollar.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Iran representative Brian Hook holds a briefingNEW YORK, NY - Brian Hook, U.S. Special Representative for Iran, holds a briefing on Iran at the New York Foreign Press Center.
Read more »
Iraq hit by new blasts after Israel hints it can attack Iran thereAnother mysterious blast has hit Iraq as speculation mounts as to Israel's potential role in what may be an expansion of its campaign against alleged Iran-associated sites in neighboring Syria.
Read more »
Pompeo warns of 'new turmoil' if U.N. arms embargo on Iran lifted in 2020U.S. Secretary of State Mike Pompeo pushed the international community on Tuesda...
Read more »
Pompeo announces 'countdown' clock as Iran weapons embargo ends in 2020United States Secretary of State Mike Pompeo has warned against ending an arms embargo on Iran, likening every day until the deal's October 2020 expiration as a 'Countdown To Terror.'
Read more »
Oscars: Iran Selects Documentary ‘Finding Farideh’ For International Feature Film RaceIran has chosen documentary Finding Farideh, directed by Azadeh Mousavi and Kourosh Ataee, to represent it for the Oscars’ newly-dubbed International Feature Film category — formerly kn…
Read more »