Iranian currency plunges to record low after fresh US move

An Iranian woman rests on a bench in Tehran’s Mellat Park. (AFP)
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Updated 05 February 2025
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Iranian currency plunges to record low after fresh US move

  • It remains unclear how funding for Iranian activists and opposition figures would be affected by the USAID decision

TEHRAN: Iran’s currency plunged on Wednesday to a record low of 850,000 rials to $1 after US President Donald Trump ordered a restart to the “maximum pressure” campaign targeting Tehran.

Trump’s order calls for halting Iran’s oil exports and pursuing a “snapback” of UN sanctions on Iran. However, he also suggested he didn’t want to impose those sanctions and wanted to reach a deal with Iran.

The move comes as Trump’s moves to freeze spending on foreign aid and overhaul, or even end, the US Agency for International Development have been lauded in Iranian state media.

Meanwhile, ordinary Iranians worry what all this could mean for them.

“It encourages hard-liners inside Iran to continue repressions because they feel the US would have less capability in supporting Iranian people who seek freedom,” said Maryam Faraji, a 27-year-old waitress in a coffee shop in northern Tehran.

Iranian media say Trump’s cuts could stop the opposition in Iran

The state-run IRNA news agency said that “cutting the budget of foreign-based opposition” could “affect the sphere of relations” between Tehran and Washington.

Newspapers, like the conservative Hamshhari daily, described Iran’s opposition as “counterrevolutionaries” who had been “celebrating” Trump’s election as heralding the “last days of life of the Islamic Republic.”

They then “suddenly faced the surprise of cut funding from their employer,” the newspaper crowed.

Even the reformist newspaper Hammihan compared it to a “cold shower” for opponents of Iran’s theocracy abroad, an idea also expressed by the Foreign Ministry.

“Those financial resources are not charity donations,” Esmail Bagahei, Iran’s Foreign Ministry spokesman, said during a briefing with reporters. “They are wages paid in exchange for services.”

It remains unclear how funding for Iranian activists and opposition figures would be affected by the USAID decision.

The lion’s share of money for civil society in Iran has come through the US State Department’s Near East Regional Democracy fund, known by the acronym NERD, which grew as an American response to the Green Movement protests in 2009.


Gulf ambassadors raise concern about safety of nuclear facilities amid Israel-Iran conflict

Updated 10 sec ago
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Gulf ambassadors raise concern about safety of nuclear facilities amid Israel-Iran conflict

CAIRO: Gulf Cooperation Council ambassadors have expressed concerns to UN nuclear watchdog chief Rafael Grossi about the safety of nuclear facilities close to their countries amid the Israeli-Iranian crisis, Qatar state news agency reported on Saturday.
The ambassadors warned Grossi during a meeting in Vienna about the “dangerous repercussions” of targeting nuclear facilities.
The warning comes after the Israeli military said at one point on Thursday that it had struck the Russian-built Bushehr facility, but later said the comment had been made by mistake. Bushehr is Iran’s only operating nuclear power plant, which sits on the Gulf coast.
The potential consequences of an attack on the plant — contaminating the air and water — have long been a concern in the Gulf states.


Exiled former Tunisia leader sentenced to 22 years: reports

Updated 41 min 48 sec ago
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Exiled former Tunisia leader sentenced to 22 years: reports

TUNIS: A Tunis court has sentenced exiled former president Moncef Marzouki in absentia to 22 years in prison for offenses related to “terrorism,” Tunisian media reported on Saturday.
Four other defendants, including his former adviser Imed Daimi and former head of the national bar association Abderrazak Kilani, were also handed the same sentence late Friday.
A staunch critic of President Kais Saied who has been living in France, Marzouki had already been sentenced in absentia to 12 years in prison in two separate cases, one involving “provoking disorder.”
The latest ruling came after a press conference held in Paris, during which he, along with Daimi and Kilani, sharply criticized state institutions and members of the Tunisian judiciary, reports said.
Marzouki, who served as Tunisia’s third president from 2011 to 2014, said in a statement the ruling was “surreal.”
He said it came as part of a “series of verdicts that have targeted some of Tunisia’s finest men and continue to provoke the world’s mockery.”
Tunisia emerged as the Arab world’s only democracy following the ousting of longtime ruler Zine El Abidine Ben Ali in 2011, after it kicked off the Arab Spring uprisings.
But since a sweeping power grab by Saied in July 2021 when he dissolved parliament and began ruling by decree, rights groups have warned of a sharp decline in Tunisian civil liberties.
In April, a mass trial saw around 40 public figures, mainly critics of the authorities, sentenced to long terms on charges including plotting against the state.
Other media figures and lawyers also critical of Saied have been prosecuted and detained under a law he enacted in 2022 to prohibit “spreading false news.”


Syrian security forces detain cousin of toppled leader Assad

Updated 48 min 47 sec ago
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Syrian security forces detain cousin of toppled leader Assad

Syria’s security forces have detained Wassim Assad, a cousin of toppled leader Bashar Assad, state news agency SANA said on Saturday.
Wassim Assad was sanctioned by the United States in 2023 for leading a paramilitary force backing Assad’s army and for trafficking drugs including the amphetamine-like drug captagon.
Bashar Assad was toppled by an Islamist-led rebel insurgency in December and fled to Moscow. Most of his family members and inner circle either fled Syria or went underground.
Syria’s new security forces have been pursuing members of the former administration — mainly those involved in the feared security branches accused of rights abuses.
Rights groups have called for a fully-fledged transitional justice process to hold them to account.


Turkiye’s Erdogan says Israel attacks aimed to sabotage Iran nuclear talks

Updated 17 min 28 sec ago
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Turkiye’s Erdogan says Israel attacks aimed to sabotage Iran nuclear talks

  • Around 40 diplomats are slated to join the weekend gathering of the Organization of Islamic Cooperation

ANKARA: Turkish President Tayyip Erdogan said on Saturday that Israel’s attacks on Iran right before a new round of nuclear talks with the United States aimed to sabotage the negotiations, and it showed Israel did not want to resolve issues through diplomacy.

Speaking at a foreign ministers’ meeting of the Organization of Islamic Cooperation in Istanbul, Erdogan urged countries with influence over Israel not to listen to its “poison” and to seek a solution to the fighting via dialogue without allowing a wider conflict.

He also called on Muslim countries to increase their efforts to impose punitive measures against Israel on the basis of international law and United Nations’ resolutions.

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Iran’s foreign minister Abbas Araghchi earlier arrived in Istanbul on Saturday, Tasnim news agency reported, for a meeting with diplomats to discuss Tehran’s escalating conflict with Israel.

Around 40 diplomats were expected to join the weekend gathering of the Organization of Islamic Cooperation (OIC), as Israel and Iran continue to exchange missile strikes.

“The Foreign Minister arrived in Istanbul this morning to participate in the Organization of Islamic Cooperation Foreign Ministers’ meeting,” Tasnim reported.

Araghchi met with his counterparts from Britain, France and Germany in Geneva on Friday.

“At this meeting, at the suggestion of Iran, the issue of the Zionist regime’s attack on our country will be specifically addressed,” said Araghchi, according to the news agency.

Israel began its assault in the early hours of June 13, saying Iran was on the verge of developing nuclear weapons, triggering an immediate retaliation from Tehran in the worst-ever confrontation between the two arch-rivals.

Earlier on Friday, Araghchi said Tehran was ready to “consider diplomacy” again only if Israel’s “aggression is stopped.”

The ministers are expected to release a statement following their meeting, the Turkish state news agency Anadolu said.


UN urges more support to speed up Syria refugee returns

Updated 21 June 2025
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UN urges more support to speed up Syria refugee returns

  • According to UNHCR, some 13.5 million Syrians remain displaced internally or abroad
  • Wide scale destruction, including to basic infrastructure, remains a major barrier to returns

DAMASCUS: UN refugee agency chief Filippo Grandi has urged more international support for Syria to speed up reconstruction and enable further refugee returns after some 14 years of civil war.
“I am here also to really make an appeal to the international community to provide more help, more assistance to the Syrian government in this big challenge of recovery of the country,” Grandi told reporters on Friday on the sidelines of a visit to Damascus.
Syrians who had been displaced internally or fled abroad have begun gradually returning home since the December overthrow of longtime ruler Bashar Assad, whose brutal repression of peaceful anti-government protests in 2011 triggered war.
But the wide-scale destruction, including to basic infrastructure, remains a major barrier to returns.
Grandi said over two million people had returned to their areas of origin, including around 1.5 million internally displaced people, while some 600,000 others have come back from neighboring countries including Lebanon, Jordan and Turkiye.
“Two million of course is only a fraction of the very big number of Syrian refugees and displaced, but it is a very big figure,” he said.
According to UNHCR, some 13.5 million Syrians remain displaced internally or abroad.
Syria’s conflict displaced around half the pre-war population, with many internally displaced people seeking refuge in camps in the northwest.
Grandi said that after Assad’s toppling, the main obstacle to returns was “a lack of services, lack of housing, lack of work,” adding that his agency was working with Syrian authorities and governments in the region “to help people go back.”
He said he discussed the importance of the sustainability of returns with Syrian Foreign Minister Asaad Al-Shaibani, including ensuring “that people don’t move again because they don’t have a house or they don’t have a job or they don’t have electricity” or other services such as health.
Sustainable returns “can only happen if there is recovery, reconstruction in Syria, not just for the returnees, for all Syrians,” he said.
He added that he also discussed with Shaibani how to “encourage donors to give more resources for this sustainability.”
With the recent lifting of Western sanctions, the new Syrian authorities hope for international support to launch reconstruction, which the UN estimates could cost more than $400 billion.