The rial unit of currency, which has lost much of its value against the dollar, will be replaced by the toman, which the government says will be worth 10,000 rials.
Author: Farnaz Fassihi
Cheap Oil Poses New Quandary for Iran as It Relaxes Virus Lockdown
The country has been hit with a triple-whammy: raging coronavirus, American sanctions and, now, oil so cheap that it’s barely profitable.
Iran, Devastated by Coronavirus, Says U.S. Sanctions Are Taking Lives
Iran, devastated by the coronavirus, is asking the U.S. to lift sanctions on humanitarian grounds. U.S. officials say sanctions aren’t to blame; Iran is.
Power Struggle Hampers Iran’s Coronavirus Response
President Hassan Rouhani has been severely criticized for not acting forcefully against the epidemic. Now he and the military, newly empowered to intervene, are fighting over control.
Iran’s Stacked Election Is Expected to Produce a Hard-Line Parliament
Iran’s leaders disqualified more than 7,000 candidates, including most moderates and centrists, paving the way for tougher domestic and foreign policies.
Anatomy of a Lie: How Iran Covered Up the Downing of an Airliner
For three days, Iranian military officials knew they had shot down a Ukrainian jetliner while the government issued false statements, denying any responsibility.
Iran Says It Unintentionally Shot Down Ukrainian Airliner
“The Islamic Republic of Iran deeply regrets this disastrous mistake,” President Hassan Rouhani said, as Iran reversed its claims that mechanical failure was to blame.
In Iran, Rejoicing Over Retaliation, then Relief at No U.S. Counterstrike
Many Iranians expressed support for the missile attack on American bases in Iraq, then spent a restless night waiting for a military response from Washington that never came.
Mourners Throng Iran’s Streets for Suleimani Funeral Marches
The killing of the revered Iranian general “really wounded and insulted the national pride,” one resident said.
Iranians Honor Dead Protesters, Amid Vows to Fight On
Defying a heavy government show of force, Iranians mourned fellow citizens killed during the unrest.