Ordinary Iranians bear the brunt of international sanctions
Thousands of Iranians have in recent days amassed by the border with Iraq to buy U.S. currency in their neighboring country, Iranian news website Mashreq reported on Monday, quoting Iraqi sources. As the Iranian rial has fallen almost 40 per cent against the dollar over the past two weeks, Iranians have been rushing to buy foreign currency. On January 1 the U.S. enforced new legislation which makes it almost impossible for Iran to sell oil on the international market. The move has sent Iran’s currency into a tailspin, and the matter further ...
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