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Iran to continue nuclear plans despite currency slide

2012-10-03 22 Dailymotion

Iran will press on with its nuclear programme despite the problems caused by Western sanctions, including a dramatic slide in the value of its currency, President Mahmoud Ahmadinejad said.<br /><br />Ahmadinejad's comments came amid an accelerated slide in Iran's currency, which has now lost more than 80 per cent of its value compared with a year ago, with 17 per cent of its value shed on Monday alone.<br /><br />The rial slipped another four per cent on Tuesday to close at 36,100 to the dollar, according to exchange tracking websites.<br /><br />Ahmadinejad said the plunge was part of an economic "war" waged by the West on the Islamic republic and "a psychological war on the exchange market."<br /><br />Emike Umolu reports.

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