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
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