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Iran calls US sanction threat ‘foolish’ and ‘nothing new’
May 14, 2020
Its oil exports dropped to a record low, averaging just 70,000 barrels per day in April compared to 287,000 in March.
Iranian top official lambastes US government, as currency plunges further
May 13, 2020
Separately, the Iranian rial—now toman—hit its lowest rate against the dollar since 2018 as U.S. sanctions have damaged the economy. A dollar was being traded for as much as 170,000 rials.
Hit by coronavirus, drop in oil prices and US sanctions, Iran’s economy heads for free fall
May 6, 2020
Already struggling as part of the Trump administration’s “maximum pressure” campaign, these new developments will deal another blow to the Islamic regime.
Tehran approves currency change from rial to toman as economy struggles
May 5, 2020
The toman will be set as 10,000 rials.