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Iran dismisses US efforts for UN sanctions as currency drops - Black News Channel

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By Associated Press Undefined TEHRAN, Iran (AP) — Iran dismissed U.S. efforts to restore all U.N. sanctions on the country as mounting economic pressure from Washington pushed the local currency down to its lowest level ever on Sunday. Iran's currency dropped to 272,500 to the U.S. dollar at money exchange shops across Tehran. The rial has lost more than 30% of its value to the dollar since June as sweeping U.S. sanctions on Iran continue to crush its ability to sell oil globally. Iran's currency was at 32,000 rials to the dollar at the time of Tehran's 2015 nuclear deal […]

The post Iran dismisses US efforts for UN sanctions as currency drops appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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