Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
by Staff Writers
Las Vegas, Nevada (AFP) Oct 2, 2012
The White House said Tuesday that Iranians blame their leaders for rising deprivation caused by US and international sanctions stemming from Tehran's nuclear program.
Recent days have seen an accelerated slide in Iran's currency, the rial, which has now lost more than 80 percent of its value compared with a year ago -- with 17 percent of its value shed on Monday alone.
White House spokesman Jay Carney said the fast deteriorating economic situation in Iran, which has sparked price hikes in basic foods, was a sign that the government in Tehran was under "enormous pressure."
"There is no doubt, as we have seen in the last 36 hours ... that the sanctions regime that has been put in place ... has had a significant negative impact on the Iranian economy as was intended."
"The president believes and our partners believe that the sanctions regime is the right approach.
"The Iranian people are aware of who is responsible for the circumstances that have befallen the Iranian economy as a result of the regime's intransigence in its refusal to abide by its obligations."
Earlier, Iranian President Mahmoud Ahmadinejad vowed that Iran would not back down on its nuclear program, despite the pain being caused by the sanctions.
"We are not a people to retreat on the nuclear issue," he told a news conference in Tehran.
"If somebody thinks they can pressure Iran, they are certainly wrong and they must correct their behavior," he said.
The rial slipped another four percent on Tuesday to close at 36,100 to the dollar, according to exchange tracking websites.
Ahmadinejad said the plunge was part of an economic "war" waged by the West on the Islamic republic and "a psychological war on the exchange market."
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|