TEHRAN, Iran — Iran’s currency hits another record low on the same day a local news report says the head of the country’s atomic energy organization has tested positive for the coronavirus, becoming the latest senior official to become infected.
The semiofficial Tasnim news agency says Ali Akbar Salehi, who is also a vice president of Iran, had confirmed positive for the virus last week and has been in home quarantine since. The news agency reports that his health condition is currently good.
Iran has recorded at least 28,000 deaths out of around 496,000 confirmed cases of the virus, making it the hardest-hit country in the region. Just last week, Iran reported its highest daily death toll from the virus with 239 new fatalities reported on Wednesday.
Iran has struggled to contain the spread of the virus across this nation of 80 million people, initially beating it back only to see a spike in cases again, beginning in June. The government has largely resisted imposing wide-scale lockdowns as the economy teeters from continued US economic sanctions that effectively bar Iran from selling its oil internationally.
Money exchange shops in Tehran sell the US dollar at 315,000 rials today, compared to what was 32,000 rials to the dollar at the time of Iran’s 2015 nuclear deal with world powers.
Salehi is known internationally as one of the key Iranian negotiators who took part in those nuclear talks. The deal curbed Iran’s nuclear activities in exchange for sanctions relief, but US President Donald Trump unilaterally withdrew the United States from the agreement in 2018 and reimposed crushing economic sanctions.
The currency plummeted further days after the Trump administration’s decision to blacklist 18 Iranian banks that had so far escaped the bulk of re-imposed sanctions. The move subjects non-Iranian financial institutions to penalties for doing business with them, effectively cutting the banks off from the international financial system.
— AP
File: The head of Iran’s Atomic Energy Organization Ali Akbar Salehi delivers his speech at opening of the general conference of the IAEA in Vienna, Austria, September 16, 2019. (AP Photo/Ronald Zak)