Iranians navigate turbulent currency market, uncertain future

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Iranians navigate turbulent currency market, uncertain future
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“With no negotiation, I am sure my country won’t be the place my son can seed plans for his future.' Iranians navigate a turbulent currency market and uncertain future as tensions with U.S. rise:

Standing in the line at a currency exchange shop on a warm afternoon near Ferdowsi Square in Tehran, Nafas Anvari, 26, waited for her turn to change all her savings into U.S. dollars before the value of the Iranian rial dropped even more.

Tensions between the Iran and the U.S. escalated in May 2018, after President Trump announced he would withdraw from Joint Comprehensive Plan of Action, known as the Iran nuclear deal, and reimpose sanctions on the country. “I personally do not consider Trump worthy of exchanging any messages with, and do not have and will not have any response for him,” Khamenei told Abe, according to the Iranian leader’s official website on June 13.

On June 15 , Simin, 56, who declined to give her last name for safety reasons, was going from one currency exchange shop to another in Tehran to find the best rate for buying euros to save some cash for her son’s university expenses. He plans to leave Tehran to study material science and engineering in a European country by the end of summer.

“International Atomic Energy Agency has approved Iran’s complete adherence to the JCPOA in 15 reports…In the framework of the JCPOA, Iran asks the remaining members of the deal to fulfill their commitments and let Iran enjoy economic benefits of the deal,” Iranian President Hassan Rouhani said at the 19th Shanghai Cooperation Organization Summit in Bishkek, Kyrgyzstan, on June 14.

The strain between Washington and Tehran has increased even more in recent weeks after several attacks on commercial oil tankers in the Gulf of Oman.

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