Thursday, 18 October, 2018

Multiple protests over currency drop continue in Iran

The Grand Bazaar in Tehran Iran The Grand Bazaar in Tehran Iran
Jay Anderson | 06 August, 2018, 06:38

Despite opposition from European allies, Trump in May pulled the United States out of a 2015 deal between world powers and Tehran under which global sanctions were lifted in return for curbs on Iran's nuclear programme.

That would ease concerns that China would work to undermine U.S. efforts to isolate the Islamic Republic by purchasing excess oil, Bloomberg said.

ANKARA, Aug 5 (Reuters) - Iran will ease foreign exchange rules, state TV reported on Sunday, in a bid to halt a collapse of the rial currency that has lost half its value since April due to fears about US sanctions likely to be imposed this week. The sanctions targeting Iran's oil industry could cut off a crucial source of hard currency.

Francis Fannon, the assistant secretary of state for the Bureau of Energy Resources, was recently in China to discuss sanctions, according to a State Department spokesperson. If they want to survive, their choice is clear - meet the "great Satan".

"We need them to change their behavior on a number of threats they can pose with their military, with their secret services, with their surrogates and with their proxies", Mattis told Pentagon reporters.

The U.S. also has banned imports of Iranian products such as carpets and pistachios and revoked licenses that allowed Iran to purchase U.S. and European aircraft.

Other figures in Iran's government dismissed the idea as non starter, saying the nuclear deal represented the talks they supported, and having that ripped up made future conversations untenable.




"I think (the Trump administration) would be pleased with any one of those end states", Dubowitz said.

The decision follows a week of sporadic protests against Iran's political and religious establishment as concerns over the economy mount.

The protests have often begun with slogans against the high cost of living and alleged financial corruption but quickly turned into anti-government rallies.

IRNA reported that all protests had taken place without official permission and were subsequently broken up by police.

The report said a protest was taking place in Karaj, 50 kilometers (30 miles) west of Tehran, when someone fired from a auto.

AP reported that videos circulated on social media and purporting to have been taken in the town of Gohardasht, a suburb of Karaj, showed dozens of demonstrators in the streets, setting fire to police vehicles and shouting "death to the dictator".

Mohammad Ali Jafari, commander of the Islamic Revolutionary Guard Corps (IRGC), jumped the gun and said the Iranian people would not permit any politician to sit down and talk to Trump.

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