iranian rial: Like a number of businesses in Iran, Hamid said, Renault has been hit by the collapse of the Iranian rial, which has plunged in value since US President Donald Trump declared he would withdraw from the Iran nuclear deal, according to CNN. Then, in July, Renault said it was likely to put its business development in Iran on hold as the company intended to comply full with US sanctions, Reuters reported. Take Hamid, a 29-year-old who recently lost his job at car manufacturer Renault. Now working as an unlicensed taxi driver, Hamid estimates that his income has gone down by around 70%, forcing him to move back in with his parents where he can live rent-free. I am not sure who is to blame for this dire condition of the economy, but I tend to think that Trump had something to do with it. Iranian drivers stop at a junction on a main street in the capital Tehran. context Image Object name Iranian drivers stop at a junction on a main street in the capital Tehran. description Iranian drivers stop at a junction on a main street in the capital Tehran. url I should be the one to support my mother and father, not the other way around, he told CNN. Read More He now hopes the economic situation forces President Hassan Rouhani to hold talks with his US counterpart in the coming weeks.
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