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FOR IMMEDIATE RELEASE
October 5, 2012
Phone: (212) 554-3296
UANI Releases Updated Iran Currency Tracker in Wake of Rial Freefall, Calls for Full Economic Blockade on Iran
UANI's Iran Currency Tracker measures the official exchange rate of the Iranian rial, set by the Central Bank of Iran, as well as the rial's black market exchange rate, used for private and everyday transactions. The difference between the official exchange rate and the black market exchange rate demonstrates the Iranian regime's increasing disconnect from the deteriorating economic reality in Iran.
In a statement today, Ambassador Wallace said:
The rial has fallen by 40% in just the past week and 80% in the past year. This is the greatest evidence yet that sanctions against Iran are having a tangible impact. The growing divergence between the rial's official and black market rates shows the emerging phenomenon of hyperinflation in Iran, which is a result of the economic pressure the world is applying to the regime.
More must be done however. We renew our call for an economic blockade to continue to pressure the rial and the regime. An economic blockade would bar any business, firm, or entity that does work in Iran 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 regime must be forced to choose between having a nuclear weapon, or a functioning economy.
Click here to view UANI's Iran Currency Tracker.
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United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code.
The prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace.
United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons. UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons.
The Objectives of United Against a Nuclear Iran
- Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad;
- Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world;
- Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran;
- Lay the groundwork for effective US policies in coordination with European and other allies;
- Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and;
- Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures.
UANI is led by an advisory board of outstanding national figures representing all sectors of our country. |
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