All tagged Jahangiri

Iran Shows New Savvy in Defining Outcome of Key Nuclear Deal Meeting

◢ Iran has finally learned how to use the Joint Commission of the nuclear deal to tackle its economic challenges. Iranian foreign minister Javad Zarif got what he needed from the ministerial meeting. Two months following Trump’s abrogation of the nuclear deal, the remaining parties to the agreement proved able to present a consensus position on the need to protect Iran’s economic interests in direct contravention of the declared US policy. On practical implementation, bilateral exchanges are the preferred route forward.

Rouhani Government Unifies Iran’s Exchange Rates in Decisive Move to Stabilize Currency

◢  In a decisive move intended to stop the further devaluation of the rial, the Rouhani government announced it would unify the official and free market dollar exchange rates, settling on an official rate of IRR 42,000. First Vice President Eshagh Jahangiri made the announcement last night, declaring that trading dollars above the new rate would be a serious crime.