Middle East

Rial drop due to Iran policy, sanctions: U.S. Treasury official

U.S. Under Secretary for Terrorism and Financial Intelligence David Cohen talks to the media during a press conference in Rome, Wednesday, Oct. 3, 2012. (AP Photo/Andrew Medichini)

LONDON: The sharp fall in the Iranian rial over the past year is the result of Tehran's management of its economy and of sanctions imposed over its nuclear programme, U.S. Treasury official David Cohen said on Friday.

Cohen, undersecretary for terrorism and financial intelligence, added in remarks on a visit to Britain's Chatham House think tank that Iran had the ability to "relieve the pressure its people are feeling" by resolving concerns over its nuclear work.

Iran has blamed the plunge in the currency on a foreign "conspiracy."





Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus



Interested in knowing more about this story?

Click here