The change in the Rouhani administration awaited by both critics and supporters appears to have started on July 25 with the replacement of Iran’s central bank governor and news of the Planning and Budget Organization (PBO) chief’s offer to resign.
This comes as Vice President Eshaq Jahangiri has said economic hardship could prompt the government to resort to food rationing.
— Read on en.radiofarda.com/a/rouhani-takes-first-step-addressing-economic-crisis-as-food-rationing-weighed/29392607.html
The Iranian rial fell to 112,000 to the dollar on Sunday, from 98,000 to $1 on Saturday. The government-set exchange rate was 44,070 to the dollar, compared to 35,186 on January 1.
— Read on en.radiofarda.com/a/iran-s-currency-in-free-fall-as-american-sanctions-loom/29396729.html
DUBAI – Iran’s currency plunged to another record low on Sunday, dropping past 100,000 rials to the US dollar as Iranians brace for Aug. 7 when the United States is due to reimpose a first lot of sanctions on their economy.
In May the United States pulled out of a 2015 deal between world powers and Tehran under which international sanctions on Iran were lifted in return for curbs on its nuclear program.
Washington decided to reimpose sanctions on Iran upon its withdrawal, accusing it of posing a security threat, and has told countries they must halt all imports of Iranian oil from November 4 or face US financial measures.
The United States is not after regime change in Iran, U.S. Defense Secretary Jim Mattis has said.
Asked whether the U.S.administration had created a regime change or collapse policy, Mattis said on July 27 “There’s none that’s been instituted.”
— Read on en.radiofarda.com/a/29395307.html
French car manufacturer Renault says it is likely to leave Iran to avoid renewed U.S. sanctions in spite of previous promises to remain.
Several other major companies including Maersk, Total, Peugeot, General Electric, Boeing, Reliance, and Siemens have already left Iran to evade U..S sanctions, which economic experts in Iran say will hit Iranians even harder in about
— Read on en.radiofarda.com/a/french-carmaker-likely-to-halt-iran-operations-as-other-companies-leave/29395780.html
Addressing a gathering of Iranian diplomats on Sunday, President Hassan Rouhani said, “The Americans must fully understand that peace with Iran is the mother of all the peace, and war with Iran would be the mother of all wars,” Tehran Times reported.
An Iranian-born man with a knife injured 10 people in an attack aboard a bus in northern Germany before being overpowered by passengers and arrested by police, the local prosecutor said.
— Read on www.rferl.org/a/iranian-born-man-with-knife-injures-10-in-attack-on-german-bus/29379017.html
Royal Dutch Airlines announced on Saturday that it will suspend its direct flights to Tehran, delivering another blow to Iran’s struggling economy.
The Dutch airline KLM said in a statement: “As a result of the negative results and financial outlook for the Tehran operation, the last flight will take off from Amsterdam on September 22, 2018 and land at Schiphol on September 23.”
The timing of the airline’s announcement coincided with a major diplomatic spat between the Islamic Republic of Iran and the Netherlands.
AIX-EN-PROVENCE, France (Reuters) – French shipping group CMA CGM has decided to pull out of Iran following the Trump administration’s decision to renew sanctions on companies operating in the country, its chief executive said on Saturday.
Some other big shipping companies like A.P. Moller-Maersk have already said they would halt business ahead of a reimposition of sanctions following the United States’ decision to pull out of the 2015 Iran nuclear accord.