On Wednesday, United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued the following statement regarding Mahmoud Ahmadinejad’s remarks about the continued fall of the Iranian rial, which has lost 80 percent of its value compared to a year ago:
The continued fall of the Iranian rial is the single strongest economic indicator that the isolation of the Iranian regime is working. We can do more however.
The Obama administration, the European Union and others should impose an economic blockade on the Iranian regime. The regime is beginning to experience social and political unrest at an 80% devaluation of its currency, and significantly further devaluation will force Tehran to choose between having a nuclear weapon or a functioning economy. A blockade would even bring about the possibility of the failure of this illicit regime.
An economic blockade would mean that any business, firm, or entity that does work in Iran would be barred 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. It is time for the U.S. and others to use all available economic leverage against the regime.
Click here to view UANI’s Iran Currency Tracker.
Nathan Carleton, 212-554-3296
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here