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April 17, 2014 / 17 Nisan, 5774
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Posts Tagged ‘Rial’

Sanctions Are Crushing Iranian Economy

Monday, August 5th, 2013

Iran’s lack of hard currency because of economic sanctions may force food and medicine shortages as the local Rial currency continues to tumble and inflation soars to more than 40 percent .

“Iran is an economical wreck,” Yahya Ale Eshaq, a former trade minister, told an Iranian business newspaper last week.

President Hassan Rohani said this week he will address the economic problems, but has showed no intentions of slowing Iran’s race for a nuclear weapon. In his swear-including-ion ceremony Sunday, he urged the West to stop using the “language of sanctions” and seek “bilateral trust building, mutual respect and the lessening of hostilities.”

White House spokesman Jay Carney said, “Should this new government choose to engage substantively and seriously to meet its international obligations and find a peaceful solution to this issue, it will find a willing partner in the United States.”

Printed from: http://www.jewishpress.com/news/breaking-news/sanctions-are-crushing-iranian-economy/2013/08/05/

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