TEHRAN, Iran, Jun 12 (AP) \u2014 Iran\u2019s currency Sunday dropped to its lowest value ever as talks to revive the country\u2019s tattered nuclear deal with world powers remained deadlocked.<\/p>\n
Traders in Tehran exchanged the rial at 332,000 to the U.S. dollar, up from 327,500 on Saturday. That marked more than a 4.4% change compared to June 1 when it traded at 318,000 to the dollar.<\/p>\n
Iran\u2019s currency was trading at 32,000 rials to the dollar at the time of Tehran\u2019s 2015 nuclear deal with world powers.<\/p>\n
The rial\u2019s new low came as U.S. sanctions against the country are still in force. Iran\u2019s economy is struggling mightily mostly because of the U.S. pullout from the 2015 nuclear deal between Iran and world powers that restored sanctions on Iran\u2019s oil and banking sectors. Talks in Vienna to renew the agreement have been deadlocked for months.<\/p>\n
Meanwhile, police arrested 31 currency and gold traders accused of creating \u201cfalse demand\u201d in the market, state TV reported without elaborating.<\/p>\n
Separately, Iran\u2019s Maha Air spokesman denied owning a Boeing 747 that Argentina seized after it landed Monday in Cordoba, Argentina.<\/p>\n
Hossein Zolanvari told the official IRNA news agency that his company sold the Boeing to a Venezuelan company about a year ago.<\/p>\n
\u201cMentioning Mahan Air in connection with the impounded airplane has aimed at political purposes,\u201d he said. He said the plane\u2019s crew also have no connection to Mahan Air.<\/p>\n
It wasn\u2019t clear if the plane was on a list of Iranian aircraft subject to U.S. sanctions. Mahan Air has been under U.S. sanctions for its ties to Iran\u2019s elite Revolutionary Guard Corps, which the State Department has designated a foreign terrorist organization.<\/p>\n
Venezuelan leader Nicolas Maduro visited Iran over the weekend. Both nations are under the U.S. sanctions.<\/p>\n","protected":false},"excerpt":{"rendered":"
TEHRAN, Iran, Jun 12 (AP) \u2014 Iran\u2019s currency Sunday dropped to its lowest value ever as talks to revive the country\u2019s tattered nuclear deal with world powers remained deadlocked. Traders in Tehran exchanged the rial at 332,000 to the U.S. dollar, up from 327,500 on Saturday. That marked more than a 4.4% change compared to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":{"0":"post-192912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-world"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/192912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=192912"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/192912\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=192912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=192912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=192912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}