Iran's Currency Woes: The Sanctions Squeeze Media Won't Name
📰 THE STORY: Al Jazeera reports that Iran’s currency has hit a record low against the US dollar amid soaring tensions, citing domestic protests sparked by the rial's falling value. 🔍 WHAT THEY'RE NOT TELLING YOU: Historical Context: In 1953, the CIA orchestrated a coup to overthrow Iran's democratically elected Prime Minister Mohammad Mosaddegh after he moved to nationalize Iran's oil industry.
This set a precedent for external interference, culminating decades later in crushing sanctions. Since the 1979 revolution, and particularly after the US unilaterally withdrew from the JCPOA in 2018, sanctions have systematically targeted Iran's oil exports, banking sector, and access to international markets, directly choking its economy and impacting the rial's value. The freezing of
approximately $7 billion of Iranian assets in foreign banks, largely by the U.S., exacerbates these economic pressures. Double Standard: When Venezuela's currency collapsed under stringent US sanctions, Western media largely blamed the 'socialist government's failures.' When Russia faced sanctions, its economic resilience was framed as a 'surprise.' But when Iran's rial plummets, the narrative
conveniently shifts to vague 'tensions' or internal 'protests,' downplaying the deliberate, targeted impact of crippling US and European Union sanctions designed to create economic hardship and instability. This selective attribution allows Western governments to evade responsibility for the humanitarian impact of their policies. Follow the Money: The primary beneficiaries of Iran's economic