Iran moves to defend economy from US sanctions

The government of Iran is seriously making moves to lessen the effect of US sanctions on its economy by exploring other measures and studying ways to keep exporting oil.

Iran’s supreme leader Ayatollah Ali Khamenei while speaking after three days of protests said the U.S. sanctions were aimed at turning Iranians against their government.

“They bring to bear economic pressure to separate the nation from the system … but six U.S. presidents before him (Trump) tried this and had to give up,” Khamenei said on his website Khamenei.

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Reports say President Hassan Rouhani has also met the head of parliament and the judiciary to discuss counter-measures against the US.

“Various scenarios of threats to the Iranian economy by the U.S. government were examined and appropriate measures were taken to prepare for any probable U.S. sanctions, and to prevent their negative impact,” IRNA said.

Reports say after U.S. President Donald Trump pulled out of the nuclear deal which lifted most sanctions in 2015, the Iranian rial currency has dropped up to 40 percent in value, prompting protests by bazaar traders usually loyal to the Islamist rulers.

There have also been wild rallies as protesters clashed with police late on Saturday during a demonstration against shortages of drinking water.

 

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