UANI Issues Statement on Increase in the Value of the Iranian Rial

FOR IMMEDIATE RELEASE November 25, 2013  Contact: Nathan Carleton, press@uani.com  Phone: (212) 554-3296   UANI Issues Statement on Increase in the Value of the Iranian Rial New York, NY - United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued the following statement regarding the increasing value of the Iranian rial: UANI measures the effect of economic pressure, in important part, by tracking the Iranian rial's black market value exchange rate. Last year, with economic pressure at its peak, Iran suffered from severe hyperinflation, and the rial became the least valued currency in the world. This is no longer the case, as the rial has gained significant value in 2013. Since Hassan Rouhani was elected president on June 14, there has been no new sanction law enacted, no material sanctions enforcement, and the reputational risk of Iran business has eased with the regime's public relations campaign. As a result, during this period the Iranian rial has increased in value by more than 25%. Following the announcement of the Geneva agreement this weekend, the rial appreciated nearly 5%--an astounding jump. UANI urges all policymakers to consider the far-reaching economic consequences that have resulted from "sanctions easing" that is disproportionate to Iranian concessions. Policymakers should be vigilant to ensure that the P5+1 does not lose even more sanctions-based negotiating leverage as it seeks a comprehensive agreement with Iran in the coming months. ### United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Objectives of United Against a Nuclear Iran Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad; Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world; Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran; Lay the groundwork for effective US policies in coordination with European and other allies; Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and; Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures.  UANI is led by an advisory board of outstanding national figures representing all sectors of our country.

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