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President Mahmoud Ahmadinejad blamed the steep drop in Iran’s currency Tuesday on “psychological pressures” linked to Western sanctions over Tehran’s nuclear program.
The remarks were part of his attempt to deflect criticism from political rivals that his government’s policies also have contributed to the nosedive of the Iranian rial, which has lost more than half its value against the U.S. dollar this year and has sharply pushed up costs for many imported goods.
The price hikes have added to the burdens on Iran’s economy as it struggles with tougher sanctions targeting its crucial oil exports and measures blocking it from key international banking networks.
Originally posted by morethanyou
Could this be the change needed there to prevent THE war?
President Mahmoud Ahmadinejad blamed the steep drop in Iran’s currency Tuesday on “psychological pressures” linked to Western sanctions over Tehran’s nuclear program.
The remarks were part of his attempt to deflect criticism from political rivals that his government’s policies also have contributed to the nosedive of the Iranian rial, which has lost more than half its value against the U.S. dollar this year and has sharply pushed up costs for many imported goods.
The price hikes have added to the burdens on Iran’s economy as it struggles with tougher sanctions targeting its crucial oil exports and measures blocking it from key international banking networks.
The U.S. and its allies have imposed the punishing measures to try to persuade Iran to negotiate over its nuclear program, which the West says is aimed at developing atomic weapons.
Tehran insists the program is for peaceful purposes.
Full story here.