UANI Issues Statement Regarding Iranian Rial Hitting Record Low

NEW YORK--(BUSINESS WIRE)--United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued the following statement Monday regarding the collapse of the Iranian rial, which this weekend hit an all-time low in street value of 24,300 rials to the dollar:

Sanctions against the Iranian regime are having a powerful impact. Iran’s currency is in freefall, and the regime elites that control the economy are paying the price for their illegal pursuit of a nuclear weapon, sponsorship of terror, and the brutal repression of the Iranian people.

Now it is time to cut off those who are seeking to circumvent sanctions against Iran, including dollar traders in places like Afghanistan and Iraq and gold traders in places like Turkey.

We call for a full economic blockade, that will totally isolate Iran from the rest of the world and force the regime to choose between having a nuclear weapon or having a viable economy.

UANI’s Iran Currency Tracker outlines the effects that international sanctions and UANI’s corporate campaigns and regulatory and legislative initiatives are having on the Iranian economy and, in particular, on the Iranian rial.

Click here to view UANI’s Iran Currency Tracker.