Sanctions
Iran's currency has dropped by a stunning 40 percent in a mere week, generating protests in Tehran. But the currency crisis dates back more than a year. The following is a news analysis providing context on Iran's fluctuating rial by Siamak Namazi.
News of currency…
On Sept. 22, the U.S. Senate passed a resolution ruling out the policy of containing a nuclear-armed Iran. But it stipulates that it shall not be “construed as an authorization for the use of force.” Resolution 41 also urges increased diplomatic pressure and economic sanctions on Iran…
On Sept. 24, the Treasury Department submitted a report to Congress determining that the National Iranian Oil Company is an agent or affiliate of the Revolutionary Guards. The following is an excerpt from the report. The IRGC is Iran’s most powerful economic actor, dominating many…
On Sept. 20, one week before the U.N. General Assembly’s opening session, the American mission to the United Nations issued a fact sheet outlining the growing squeeze on Iran from U.N. sanctions since the passage of Resolution 1929. Iran is again expected to be a major topic when world…
On Sept. 12, Under Secretary for Terrorism and Financial Intelligence David Cohen announced that Iran’s crude oil exports have decreased by 55 percent since January 2012. “Today, the Iranian government is relegated to the backwaters of the international financial system,” said Cohen at the New York…
Kevan HarrisWhat are the primary reasons that the Iranian rial has lost half of its value against the U.S. dollar in just one year? Iran’s currency was valued at about 10,000 rials to the dollar in the summer of 2011. It plummeted to more than 20,000 to the dollar in the summer of 2012. …
Kevan HarrisWhat are the primary reasons that the Iranian rial has lost half of its value against the U.S. dollar in just one year? Iran’s currency was valued at about 10,000 rials to the dollar in the summer of 2011. It plummeted to more than 20,000 to the dollar in the summer of 2012. Inflation…
On August 10, the United States “imposed sanctions on the Syrian state-run oil company Sytrol under the Iran Sanctions Act (ISA), as amended by the Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA), for conducting business with Iran’s energy sector.” State Department Deputy…
On August 1, Congress voted to impose new sanctions on Iran that target companies aiding Tehran’s energy sector. The Iran Sanctions, Accountability, and Human Rights Act of 2012 differs from President Obama’s July 31 executive order by targeting companies conducting business with Iran’s national…
On July 31, the Obama administration provided a briefing on the new U.S. sanctions on Iran. In this conference call, three government officials discussed President Obama’s new sanctions and the impact of existing sanctions on Iran’s government and economy. The following are excerpts from the…