Ahmadinejad is finally admitting that the steep decline in his country’s currency is due to the sanctions imposed by President Obama and other supporting nations. The Iranian president calls the sanctions “psychological pressures.”
In the past few days Iran’s currency, the rial, has lost more than half its value against the U.S. dollar. It has prompted fears that the economy is on the verge of collapse, crippled by sanctions which means Iran has lost markets where it can export oil. The price of goods has also risen, as many have to be imported.
The U.S. and its allies have imposed the punishing measures in attempts to force Iranian concessions over its nuclear programme, which the West says is aimed at developing atomic weapons. Tehran insists it is for peaceful purposes.
h/t The Daily Mail