Rouhani says U.S. cause of "disruption" in Iran's currency market

Source: Xinhua| 2020-07-09 20:44:58|Editor: huaxia

TEHRAN, July 9 (Xinhua) -- Iranian President Hassan Rouhani on Thursday blamed Washington for "new plots" to harm Iran's economy by disrupting the country's foreign currency market, Tasnim news agency reported.

To offset the impacts of the U.S. plots on the country's economy, the Iranian industrialists should boost production and increase exports, Rouhani was quoted as saying.

The Iranian government is making all efforts to remove the obstacles in the way of production, he said.

One U.S. dollar was exchanged for 225,000 rials in the street market of the capital Tehran on Thursday.

Since mid-June, Iran's currency rial has lost some 10 percent of its value against foreign currencies as the country grapples with the harshest-ever U.S. sanctions.

Market observers say the Central Bank of Iran is facing a shortage of foreign currency as the exports of energy have reduced sharply over the past months.

The negative political climate, as a psychological index, is also seen as one of the main factors that has been added to volatility in the currency market recently. Enditem