UANI Statement on the Iranian Rial Hitting All-Time Low

February 4, 2013

FOR IMMEDIATE RELEASE
February 4, 2013
Contact: Nathan Carleton, [email protected]
Phone: (212) 554-3296

UANI Statement on the Iranian Rial Hitting All-Time Low

New York - On Monday, United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued the following statement regarding the Iranian rial's freefall, to an all-time low of 40,000 per dollar:

The decline in the value the rial is unambiguous evidence that continued sanctions and economic pressure, including new measures slated to go into effect on February 6, are having a tangible effect on the Iranian economy. Clearly, confidence in the rial and in the regime's ability to effectively manage the Iranian economy have plummeted. By applying pressure on Iran's energy, banking, shipping, and industrial sectors, including the automotive sector, the international community has had a tangible impact. We can do more however.

The international community should impose a complete economic blockade on the Iranian regime. A full collapse of the rial would force Tehran to choose between having a nuclear weapon or a functioning economy.

Any business, firm, or entity that does work in Iran should be barred from receiving U.S. government contracts, accessing U.S. capital markets, entering into commercial partnerships with U.S. entities, or otherwise doing business in the U.S. or with U.S. entities. The U.S. and others must use all available economic leverage against the regime.

Click here to view UANI's Iran Currency Tracker.

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