Iranian leaders vowed on Thursday to control soaring prices, bring stability to ...
LONDON/GENEVA - Iranian leaders vowed on Thursday to control soaring prices, bring stability to the national currency and create jobs as the nation marked the end of a year of economic crisis fueled by renewed U.S. sanctions.
“In the face of severe, and according to them unprecedented, sanctions from America and Europe, the Iranian people showed a strong and powerful reaction both in the field of politics and economy,” Khamenei said in a pre-recorded speech broadcast on state television. “The new year is a year to boost production and create jobs for our dear young people,” Rouhani said. “The new year is the year to control inflation, bring balance to the foreign currency market and expand friendship with neighboring countries.”
Trump abandoned the accord because he argued it did not address Iran’s expanding regional influence and missile program.The rial was trading at 135,000 per U.S. dollar on the unofficial market on Wednesday, according to foreign exchange websites, three times weaker than a year ago, but off record lows of about 190,000 per dollar in late September.
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