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Iran’s Currency Rebounding After Talks With IAEA Chief

Iran International Newsroom
Mar 5, 2023, 22:12 GMT+0Updated: 17:46 GMT+1

Iran’s national currency, rial, bounced back Sunday, regaining some of its recently lost ground following a visit by the UN nuclear watchdog, IAEA head Rafael Grossi. 

Last Sunday the rial had dropped to 600.000 against the US dollar, but exactly a week later it stood at a little over 500,000 on March 4, probably over hopes that the Islamic Republic would opt for closer cooperation with the International Atomic Energy Agency, and what some in Iran hope would lead to a resumption of talks with the United States.

Despite the rebound, the rial is still down 100 percent since President Ebrahim Raisi took office in August 2021, as Iran suffers from both lack of oil export income and a crisis in its domestic economy. Although the rial might rise some more but it is a fundamentally weak currency as long as Iran has not reached a new nuclear agreement with the West and sanctions remain in place.

Kamran Soltanizadeh, the head of the Iranian Exchangers Association, also mentioned another factor Sunday. He said that the Central Bank of Iran's decision on Saturday to allow exchange offices to buy foreign currencies gained from exports of petrochemicals and minerals helped the rise of the rial against the dollar. He predicted that the rial would further rebound in the following days over the decision. 

Rials long decline since early 2018 is to a large extent the result of US sanctions the former US President Donald Trump imposed when he withdrew from the 2015 nuclear deal with Iran. At that time the US dollar was at 35,000 rials and steadily began to rise, ultimately reaching 600,000 last week.

Since November, the US has tightened regulations on dollar transfers by Iraqi banks, from where Iran was smuggling some currency helping it to keep the rial relatively stable. This action further weakened the Iranian currency.

Iraq, whose official trade exchange with Iran amounts to approximately $14 billion a year, has struggled to pay Tehran for its imports of natural gas and electricity due to the US sanctions. Apparently, it decided to pay Iran in Iraqi dinars, which is not a fungible currency except in Iraq itself, and Iran began buying US dollars there and repatriating it. This caused a dollar shortage in Iraq since December and the dinar lost some value.

Ali Shariati, a member of the Iran-Iraq Chamber of Commerce and a businessman, said that when the Islamic Republic is unable to receive its money in dollars, it would be a win to be able to receive the funds in dinars. The Central Bank of Iraq is in control of payments in dinar, but according to the recent negotiations the US is sensitive about its dollars, so Iraq may have paid the Islamic Republic in dinars to avoid strict regulatory sensitivities, he added. He said that the Islamic Republic is not in a situation to choose currencies as one of the reasons behind the jump in the dollar rate was the interruption of the inflow of foreign currency from Iraq.

Iraqi Foreign Minister Fuad Hussein (file photo)
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Iraqi Foreign Minister Fuad Hussein

In February, Deputy Prime Minister and Foreign Minister of Iraq, Fuad Hussein accompanied by Central Bank of Iraq Governor Ali al-Allaq met with both the State Department and with Treasury to discuss a host of economic issues, but an urgent issue was how to prevent Iran from using Iraq’s banking ties with the United States to launder US dollars and circumvent Washington’s sanctions. 

Iran claims its exports to Iraq are on the rise approaching $10 billion despite pressure by the United States on Baghdad to stop money smuggling from the Arab country to Iran.

Local media also said that what began to help the rial was intervention by the Central Bank of Iran when it injected $700 million in UAE dirhams last Sunday, February 26, into the Tehran’s foreign currency market and the rial began to rise from its all-time low of 600,000 against the US dollar.

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Iranians In DC Urge Biden To Fire Iran Envoy, Robert Malley

Mar 5, 2023, 16:31 GMT+0

A group of Iranian expatriates have held a protest outside the office of US Special Envoy on Iran, Robert Malley, in Washington DC to call for his dismissal.

Tens of Iranians gathered for the rally on Saturday in front of Malley’s office calling on the Biden administration for his dismissal.
Malley has been under fire for his soft approach in dealing with the Iranian regime in the past months and is one of those blamed for the breakdown in nuclear talks last year.

Back in October, he stated in a tweet that Iranians were protesting to have the Islamic Republic “respect their human rights and dignity,” a statement Iranians refuted, claiming he undermined the wider message that Iranians want a new, democratic government and not respect from an oppressive regime.

Iranians feel Malley is out of touch with the needs of Iranians and do not trust his hand in taking the nuclear talks to the next level. "He underestimates the levels the regime will go to," said one protester who asked not to be named. "He has no idea what living under this oppression is like."

Protesters plan to hold weekly events outside the State Department to demand Malley's dismissal.

Another participant told Iran International that such events show the helplessness Iranians in the diaspora feel, unable to express their anger with the regime and its brutal crackdown on innocent civilians exercising their right to protest.

After his tweet in October, New-York based activist Masih Alinejad, demanded Malley resign. “By continually misrepresenting Iranian’s rejection of Islamic Republic, he is hurting the US administration standing among the people of Iran.,” Alinejad said.

In response to the criticism, Malley told Iran International at the time: “Neither I nor the US government can claim to speak for protesters. Only they can do that, and I’d never intend to imply otherwise.”

Baku To Allow Israel To Use Its Airfields To Attack Iran - Report

Mar 5, 2023, 14:44 GMT+0

Azerbaijan is to allow Israel to use its airfields in case of a possible attack against Iran's nuclear facilities as part of their military cooperation media say.

The revelations were published in the left-wing Israeli daily, Haaretz, which found that over the past seven years, 92 cargo flights flown by Azerbaijani Silk Way Airlines have landed at the Ovda air base, the only airfield in Israel through which explosives may be flown into and out of the country.
According to the report, during times of conflict between the Republic of Azerbaijan and Armenia, the number of flights between Israel and Azerbaijan also increases.
In return for military support, Azerbaijan has allowed Israel's secret service, Mossad, to set up a forward branch to monitor what is happening in Iran," according to Haaretz. Baku has even prepared a dedicated airfield intended to aid Israel in case it decides to attack Iranian nuclear sites, according to the investigation.

Azerbaijan and Israel have been increasingly public in their growing ties. While Israel has had an embassy in Azerbaijan since the 1990s, just in January, Azerbaijan formally appointed its first ambassador to the Jewish state.
Iran continued to dominate headlines in Israel over the weekend in the wake of the visit of the chief of the International Atomic Energy Agency, Rafael Grossi. In Tehran, Grossi claimed that an Israeli attack on the Iranian nuclear facilities is against the law.

It was met with a harsh response from Netanyahu: "Rafael Grossi is a worthy gentleman who said something unworthy. Against which law? Is Iran, which openly calls for our destruction, permitted to defend the destructive weapons that would slaughter us? Are we permitted to defend ourselves? It is clear that we are and it is clear that we will do so."

He added, "Nothing will deter us from defending our country and preventing our enemies from eliminating the state of the Jews."

Chemical Attacks On Schoolgirls Surge As Islamic Republic Denies Foul Play

Mar 5, 2023, 14:43 GMT+0
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Iran International Newsroom

About 80 more schools were targeted by chemical attacks on Sunday with dozens of girls hospitalized, as the international community demands answers to the mysterious poisonings.

The poisonings, targeting girls' schools since November, have been ramped up this week with hundreds more girls falling sick across Iran.

Social media videos surfaced on Sunday show that students were poisoned in many cities, including Fouladshahr and some other cities in Esfahan (Isfahan) province, Karaj and Fardis in Alborz province, Tabriz, Yazd, Hamedan, Shiraz, Ramhormoz and Mahshahr in Khuzestan province, Qazvin, Gonbad-e Kavus in Golestan, and the capital Tehran. Only In the city of Yazd, at least eight schools were attacked on Sunday.

On Saturday alone, schools in 33 cities were targeted by the same gas that has already affected around 1,500 students in recent weeks.

The scale of the intentional poisoning of female students -- which started in the religious city of Qom and spread further throughout the country and reached schools in small towns and villages -- has stepped up in recent weeks, becoming a daily occurrence.

State media is trying to downplay the seriousness of the incidents, with some officials such as former MP Jamileh Kadivar calling the attacks “mass hysteria.”

Many, such as Dr. Mohammadreza Hashemian, a doctor in the special care department of Masih Daneshvari Hospital, fear the poisonings are being led by regime authorities. He said that the gases used to poison the students are a combination of different chemicals, which it is "not possible for ordinary people" to access.

With women and girls having been at the forefront of protests, burning headscarves and cutting their hair in defiance of the regime, it is believed that the attacks are a coordinated effort to deter the young students from supporting ongoing unrest, triggered by the death of the young woman, Mahsa Amini. Her death in morality police custody after being arrested for the inappropriate use of her headscarf, has triggered national protest since September.

The patterns of the school attacks are similar to chemical attacks committed by radical Islamists in Chechnya and the Taliban in Afghanistan.

The regime’s Health Minister Bahram Eynollahi admitted that the girls have suffered "mild poison" attacks, while Interior Minister Abdolreza Rahmani Fazli said on Saturday, "In field studies, suspicious samples have been found, which are being investigated... to identify the causes of the students' illness, and the results will be published as soon as possible."

Outraged by the Islamic Republic’s inaction and reluctance to identify and arrest those behind the attacks, many parents, students and other activists have held demonstrations outside the buildings of the Education Ministry across the country, but security forces attacked the gatherings and arrested some of the parents and students.

In a gathering of parents outside an Education Ministry building in Tehran, people chanted "Basij, Guards, you are our Daesh," likening the Revolutionary Guards and other security forces to the Islamic State group. Comparing the Islamic Republic with the Taliban, protesters also chanted "Death to the Taliban, whether in Iran or Afghanistan".

Also on Sunday, a group of about 420 Iranian political and civil activists issued a statement to media, describing the poisoning of students as a "criminal act" that has caused "national concern".

On Friday, the United Nations human rights office in Geneva called for a transparent investigation into the attacks. Countries including the US and Germany have also voiced concern.

Nobel Peace Prize winner and human rights lawyer Shirin Ebadi says there is no doubt about the role of the regime in the mass poisoning attacks. Iran's exiled queen Farah Pahlavi also condemned the attacks, saying the Islamic Republic is showing parts of "its impure nature to the world." 

Exiled prince Reza Pahlavi also tweeted, “Iranian girls are being poisoned at schools across Iran. I urge the international community to bring pressure on the regime and demand access for investigations on-the-ground in Iran. Khamenei and his regime must be stopped.”

Canada-based activist Hamed Esmaeilion, whose daughter and wife were killed by the IRGC, also decried the school attacks, calling on the international community and democratic governments not to remain silent. “Will you finally stand with the people of Iran and expel the Islamic Republic Ambassadors?” he asked.

Netanyahu Rebuffs IAEA Chief's Remarks Against Possible Attack On Iran

Mar 5, 2023, 14:30 GMT+0

Israel rebuffed as "unworthy" on Sunday comments by the UN nuclear watchdog chief that any Israeli or US attack on Iran's nuclear facilities would be illegal.

Having visited Tehran in a bid to loosen deadlocked talks on renewing its 2015 nuclear deal with world powers, International Atomic Energy Agency chairman Raphael Grossi on Saturday said "any military attack on nuclear facilities is outlawed".

He was responding to a reporter's question about threats by Israel and the United States to attack Iran's nuclear facilities if they deem diplomacy meant to deny it the bomb to be at a dead end. Tehran says its nuclear program is peaceful.

"Rafael Grossi is a worthy person who made an unworthy remark," Israeli Prime Minister Benjamin Netanyahu told his cabinet in televised remarks on Sunday.

"Outside what law? Is it permissible for Iran, which openly calls for our destruction, to organize the tools of slaughter for our destruction? Are we forbidden from defending ourselves? We are obviously permitted to do this."

The IAEA said on Saturday Grossi had received sweeping assurances from Iran that it will assist a long-stalled investigation into uranium particles found at undeclared sites and re-install removed monitoring equipment.

Israel has long maintained that it will use all means at its disposal to prevent the Islamic Republic from acquiring nuclear weapons. The United States has also said that all options are on the table if Tehran moves toward weaponization.

Reuters report

Diaspora Urge International Community To Investigate Iran Poisonings

Mar 5, 2023, 10:18 GMT+0

Thousands of Iranians in major cities around the world have staged demonstrations against the Islamic regime and called for global attention to the country's brutal crackdown on protesters, including scores of chemical attacks on girls' schools.

In Vancouver, Canada, hundreds came out to demonstrate and call for global attention to chemical attacks on girls' schools around the country. A group of representatives of conservative parties and the New Democratic Party of Canada were also present at the demonstration.

In Toronto and Montreal similar protests were held seeing hundreds protest on a cold and snowy day in solidarity to condemn the poisoning of schoolgirls which began in the religious city of Qom in November.

In the US, Iranians living in San Diego, California, showed their solidarity with fellow countrymen by holding demonstrations and demanding an end to torture and oppression in Iran. Demonstrators also displayed a photo of Pirouz, the lost Iranian cheetah which died of kidney failure last week, three of the country's last of the endangered species.

Iranians living in Sydney, Munich, Hamburg, and Copenhagen held similar rallies.

Three months into the serial poisoning of students which have affected scores of girls' schools, it is believed over 1,000 students have been targeted with unknown numbers hospitalized around the country. No culprits have yet been found nor any answers as to the chemical agents being used.