{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Iran\u0026#39;s economy suffers decline following US sanctions threat' data-url='/boclips/videos/6878cf3a68f2517d678761eb' data-video-url='/boclips/videos/6878cf3a68f2517d678761eb' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nIran\u0026#39;s economy suffers decline following US sanctions threat\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eIn the markets and bazaars of Iran people are feeling the pain of a decline in the value of the country's currency, the Rial.    Stores closed down in Tehran’s Grand Bazaar as shopowners reacted angrily to the central bank’s attempts to...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eIn the markets and bazaars of Iran people are feeling the pain of a decline in the value of the country's currency, the Rial.    \u003cbr/\u003e\u003cbr/\u003eStores closed down in Tehran’s Grand Bazaar as shopowners reacted angrily to the central bank’s attempts to stem the collapse of the currency which has seen a 40 percent decline against the U.S. Dollar since President Trump’s decision to back out of the Iran Nuclear Deal in May. \u003cbr/\u003e\u003cbr/\u003eBut it’s not the only factor according to some analysts.     \u003cbr/\u003e\u003cbr/\u003e\"Three elements have led to the decline in the value of the Iranian currency. Mismanagement in controlling foreign currencies, internal economic variables and foreign pressure,\" says Javad Seyyed Pur, an Economics Professor at Tehran University. \u003cbr/\u003e\u003cbr/\u003e\"Huge sums of money are held in Iranian homes which people try to exchange for foreign currencies.  \u003cbr/\u003e\u003cbr/\u003e\"The government has tried, unsuccessfully, to control the rate and banned the import of more than 1300 items signaling the start of a shrinking economy.\"  \u003cbr/\u003e\u003cbr/\u003eIn April state media reported that Tehran imposed a fixed rial-to-dollar exchange rate and stopped its supply of foreign currency, initially as a temporary measure.  \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eExpensive imports \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eAs a result, Tehran currency dealers now ask for almost double the official government rate. They are demanding 75,000 rials for one dollar.  \u003cbr/\u003e\u003cbr/\u003eSo everything from abroad became more expensive. \u003cbr/\u003e\u003cbr/\u003eOne young Iranian told us: \"When you go to the bazaar to buy something, it is not usually sold and if it is, the price goes up by 20 or 30 per cent every day.\" \u003cbr/\u003e\u003cbr/\u003eAnother highlighted problem: \"You can’t even rent a place with 15 million tomans (10 rials) of deposit,\" she said. \"The price of milk has jumped from 1200 tomans to 1800 tomans.\" \u003cbr/\u003e\u003cbr/\u003eIran still hopes to get a good deal from the EU to be able to keep its economic ties with the world. But the price of basic goods has skyrocketed especially in areas such as housing, motoring and imported goods.  In some cases, salespeople prefer not to sell anything until the dollar exchange rate has become stable. \u003cbr/\u003e\u003cbr/\u003eEuronews' Javad Montazeri explains that the extreme sanctions threatened by the U.S have not been imposed yet but Iran’s economy has been tangibly shadowed by its destructive effects.  \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eAlthough Iranian authorities are hopefully promising to withstand and fight these sanctions, people are worried about the deterioration of economic conditions with the comeback of sanctions.\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star-half-stroke text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=91046670\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eMedia Length\u003c/dt\u003e\n\u003cdd\u003e2:06\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003e9th - Higher Ed\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSubjects\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?grade_ids%5B%5D=259\u0026amp;grade_ids%5B%5D=255\u0026amp;grade_ids%5B%5D=256\u0026amp;grade_ids%5B%5D=257\u0026amp;grade_ids%5B%5D=258\u0026amp;search_tab_id=1\u0026amp;subject_ids%5B%5D=358379\"\u003eSocial Studies \u0026amp; 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