Rouhani, who is under mounting pressure in Iran to contain a currency crisis brought on by U.S. President Donald Trump’s decision to withdraw from the 2015 nuclear deal, wants lawmakers to approve four ministers he has proposed as part of an agenda to overhaul Iran’s banking sector and galvanize the oil-rich Persian Gulf country against the impact of U.S. sanctions. Despite the rial crashing to record lows, Iran’s foreign-exchange and cash reserves are “at their highest level than at any other time in the past,” he said, without giving more details. The rial has lost about 70 percent of its value against the dollar on Iran’s secondary market since last year and the government has banned the import of hundreds of non-essential goods to prevent foreign currency outflows.
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