Iran’s currency hits new low as ‘snapback’ looms over nuclear programme
Iran is facing multiple crises at home as Israel’s Western allies pile on the pressure and threaten more sanctions. Tehran, Iran – Iran’s currency has been sharply depreciating again as European powers push to reinstate United Nations sanctions against the country amid stalled diplomacy and fears of war with Israel and the United States. The US dollar hit a price of more than 1.06 million rials in Tehran’s open currency market on Monday, slightly higher than before Tehran and Washington started mediated negotiations in April. The Iranian government and central
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