UANI Launches Iran Currency Tracker

July 23, 2012

 

FOR IMMEDIATE RELEASE
July 23, 2012
Contact: Nathan Carleton, [email protected]
Phone: (212) 554-3296

UANI Launches Iran Currency Tracker     

New York, NY - On­­ Monday, United Against Nuclear Iran (UANI) announced the launch of its Iran Currency Tracker, to track and record the value of Iran's currency, the rial, and record the impact of international sanctions and UANI's initiatives on the rial.

UANI's Iran Currency Tracker outlines the effects that international sanctions and UANI's corporate campaigns and regulatory and legislative initiatives are having on the Iranian economy and, in particular, on the Iranian rial.

Said UANI CEO, Ambassador Mark D. Wallace:

Increasing economic isolation brought about by multinational sanctions and UANI initiativesis having a profound impact on the Iranian regime and its currency. In particular, UANI's effort to sever the regime from SWIFT, our general corporate campaigns, andnew U.S. and EU sanctions have led to a sharp decline in value of the rial.

The Iranian regime's irresponsible decisions and economic mismanagement have degraded Iran's economy and industrial capacity. The regime can survive without a nuclear weapon, but it cannot survive without an economy. Now is the time to impose the most robust sanctions in history on the regime, and force it to make that choice.

As Reuters reports, "The Iranian rial has lost nearly half its value in the last year. ... Though the official government exchange rate is 12,260 rials to the dollar, there is only a limited amount of these cheaper dollars available, and the unofficial market rate at which most Iranians can access dollars is closer to 19,000 rials."

Click here to view the Iran Currency Tracker.

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