Iran's Rouhani says United States 'will regret it' if it violates nuke deal

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By lunchtime on April 9, it was even testing rates beyond IRR60,000.

Rouhani reaffirmed his government's commitment to the deal and said Iran would not be the first to violate it. Several foreign-exchange dealers announced they had stopped selling both dollars and euros by late afternoon trade, according to ISNA.

Many businesses were forced to halt work amid the uncertainty created over prices and the availability of imported materials.

His comments are interpreted as a warning to the world powers, which Iran has accused of violating the agreement by not implementing economic concessions that would give Tehran access to billions in cash resources and business deals, according to the Free Beacon.

The open market currency panic has certainly got the attention of parliamentarians.

"We do not officially recognize any other rate than this one", he said. Authorities arrested scores of traders whom it blamed for deliberately driving the devaluation in order to profit from it. Qazipour has demanded that Speaker of Parliament Ali Larijani take measures to halt the run on the rial.

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Since past year, the central bank has allowed the rial to depreciate gradually to compensate for Iran's high inflation and to help to make exports more competitive.

Washington's sanctions which were lifted under the Joint Comprehensive Plan of Action (JCPOA) of 2015 will resume unless Trump waives them again on May 12. "We are hoping that there will be no need for that, but if there is, it will be a scientific challenge".

"The JCPOA would not slow down our progress", he underscored, saying the agreement has promoted Iran's nuclear cooperation with Europe, Russia and China.

Those sanctions would not involve measures that were lifted under the nuclear deal but would target individual Iranians that the European Union believes are behind Iran's ballistic weapons programme and its support for Syrian President Bashar al-Assad.

During a ceremony held on Monday to mark Iran's National Day of Nuclear Technology, President Hassan Rouhani issued an order to transfer yellowcake produced in the Ardakan factory, located in the central province of Yazd, to a uranium conversion facility in Isfahan.