Syrian Ambassador to Tehran Has According to Statistics, Iran’s Called on Iranian Companies to Exports to the U.S. Has Been Participate in Reconstruction Projects Zeroed After the U.S. Government In Syria, Adding His Country Provide Withdrew From the JCPOA and Especial Facilities for Iranians Reimposed Tough Sanctions on Iran VOL. XXV, No. 6738 TEHRAN Price 20,000 Rials www.irannewsdaily.com THURSDAY, AUGUST 1, - MORDAD 10, 1398 2 4 8 DOMESTIC 3 DOMESTIC INTERNATIONAL SPORTS Iran Tests Missiles Tehran, Kabul North Korea Fires Tsonga Ousts Khachanov After Developing On Regular Basis Economic Ties More Ballistic Missiles At Washington ATP > SEE PAGE 2 > SEE PAGE 3 > SEE PAGE 4 > SEE PAGE 8 Leader Reacts to Execution Gov’t Approves Slashing Four Europe ‘’Obliged’’ to Let Of Two Bahraini Activists Iran Sell and Ship Oil TEHRAN (MNA) – The Twitter account of the institute TEHRAN (Dispatches) - Iran said Wednesday that for preserving and publishing the books by Leader of the European nations still party to the 2015 nuclear deal are Islamic Republic of Iran Ayatollah Khamenei has posted Zeros From National Currency “obliged” to allow it to sell and ship oil, amid a a tweet in Arabic language to react to the Bahrain standoff with Britain over the seizure of tankers. regime’s recent move in executing two young activists. The deal over Iran’s nuclear program has begun to “The oppression and cruelty will not last long, and the unravel since President Donald Trump announced the decision and will of the justice-seeking nations will United States was withdrawing from the agreement last eventually prevail,” Leader of the Islamic Republic of year and reimposing sanctions. Iran Ayatollah Ali Khamenei said in a tweet in Arabic Iran has been pushing the European parties to the deal language, according to the Twitter account of the -- Britain, France and Germany -- to adhere to their institute for preserving and publishing the books by commitments under the agreement despite U.S. pressure. Ayatollah Khamenei. British authorities seized a tanker carrying Iranian oil off its On July 27, Bahrain executed two pro-democracy territory Gibraltar on July 4, a move Spain’s foreign minister said activists (Ahmad al-Malali, 24, and Ali Hakim al-Arab, 25,) was carried out at the request of the United States. “They (the on two separate cases, defying widespread calls to European parties) have set out their commitments and commute the death sentences handed to the prisoners in announced them, they (include) the sale of Iran’s oil, the an ‘unfair’ mass trial. transportation of Iran’s oil, and the return of Iran’s oil income,” said Iranian Foreign Minister Mohammad Javad Zarif. “It is clear that today’’s tensions and problems are due Tehran Urges Europe to Seize to America’s economic terrorism and Europe’’s inability to fulfil its commitments which means going along with America’’s economic terrorism,” he said, Chance to Save Nuclear Deal quoted by state media. See Page 7 TEHRAN (IFP) - President Hassan Rouhani says the more time passes, the more difficult it will be for INSTEX Develops New Service in Tehran and Europe to roll back to the point before IRAN NEWS NATIONAL DESK Iran began scaling down its commitment under the Iran nuclear deal. TEHRAN - The government of Iranian President Hassan Rouhani approved on Wednesday a plan to lop off four zeros Bid to Fast-Track Iran Transactions Rouhani said in a Tuesday night phone conversation from the country’s national currency in a bid to help the Iranian rial regain its value in the face of the US sanctions. with his French counterpart Emmanuel Macron that The motion, proposed by the Central Bank of Iran, was ratified during a cabinet session. PARIS (Dispatches) - The state-owned company at the Europe has lost a great chance to live up to its The plan will be proposed to the Parliament as a double-urgent motion, the government spokesman Ali Rabiei said. center of European efforts to save the Iran nuclear deal commitments and work with Iran. To be signed into law, the bill needs to be ratified by the lawmakers and the Guardian Council. is entering its next phase of development. In a push to “Iran expects Europe to normalize its oil and banking The CBI says its governor, Abdolnasser Hemmati, has already made it clear for the lawmakers at a parliamentary process transactions more quickly, INSTEX is rolling relations in its first step in fulfilling its obligations,” commission meeting that the Central Bank has full control over the foreign currency market and administers the out a new factoring service for European exporters. The said Rouhani. situation to maintain the balance of currency rate with prudence and with regard to the market factors. company is also making new hires that will enable it to He said the more steps Iran takes to scale back its Proposals to remove four zeros from the currency have been floated since 2008, but the idea has gained strength expand operations in the coming year. commitments under the nuclear deal, the harder it will as the rial lost more than 60 percent of its value in 2018 despite a recent recovery in defiance of U.S. sanctions. Having reached the end of his six-month contract, Per be for both sides to return the start point. The currency was trading at about 119,000 rials per U.S. dollar on the unofficial market on Wednesday, Fischer is stepping down as the president of INSTEX, “As we have stressed time and again, the actions Iran has according to foreign exchange websites. the state-owned company established by France, taken to reduce its commitments under the nuclear Rial weakness disrupted Iran’s foreign trade last year and helped boost annual inflation fourfold to nearly Germany, and the United Kingdom to support trade agreement up to this stage have been such that it is possible 40 percent in November. with Iran. Fischer’s replacement is former German to rapidly roll them back if Europe secures Iran’s interests Proposals to remove four zeros from the currency have been floated since 2008, but the idea has gained strength ambassador to Iran Bernd Erbel. A career diplomat, under the agreement,” President Rouhani added. as the rial lost more than 60 percent of its value in 2018 despite a recent recovery engineered by the central bank Erbel has been posted in Lebanon, Saudi Arabia, and Rouhani said a trip to France by his special emissary was in defiance of U.S. sanctions. Egypt, and served as ambassador to Iraq prior to his fruitful, stressing the need for both sides to continue In December 2016, Iranian President Hassan Rouhani’s cabinet had approved a motion put forward by the Central stint as ambassador to Iran. negotiations to fully deliver on their commitments under Bank to change the national currency from rial to toman, leading to a ten-fold decrease in banknote denomination. The change in leadership comes as INSTEX the Iran nuclear deal also known as the Joint Comprehensive Toman has been long used as the unofficial unit of money in Iran, while rial and dinar have been the country’s finalizes several other management hires. By filling Plan of Action (JCPOA). See Page 7 formal currency and non-decimal currency, respectively. these roles, INSTEX will enter a new phase of operation as a standalone company based in Paris. Until now, both INSTEX’s outreach to European companies and its coordination with its Iranian Iran’s Oil Exports counterpart, STFI, has been led by civil servants at U.S. Expected to Extend Waivers for Iran’s Civil Nuclear Work the foreign and economy ministries of the company’s Slide in July three founding shareholders. See Page 7 WASHINGTON (CNN) - The Trump administration is expected to extend waivers for countries in the 2015 LONDON (Reuters) - Iranian oil exports have dropped Iran nuclear deal to continue their participation in civil nuclear projects with Tehran, according to two in July to as low as 100,000 barrels per day (bpd) due administration officials. Germany Punts on Hormuz Strait to sanctions and rising tension with the United States One of the officials said that Treasury Secretary Steven Mnuchin argued the waivers should be extended and Britain, according to an industry source and tanker during a recent White House meeting on the issue. The Washington Post first reported that the waivers data, deepening global supply losses. extension was expected. Mission With U.S. Involvement The United States reimposed sanctions on Iran in Under the waivers, the countries party to the 2015 deal will continue to conduct research and do non- November after pulling out of a 2015 nuclear accord proliferation work without facing U.S. sanctions. COLOGNE (Dispatches) - Germany is unlikely to go between Tehran and six world powers. Aiming to cut Earlier this month, Sigal Mandelker, Under Secretary of the Treasury for terrorism and financial intelligence, along with a U.S. and British-led naval protection Iran’s sales to zero, Washington in May ended sanction made the case that the Trump administration’s current “maximum pressure” campaign against Iran is working. mission in the Strait of Hormuz, though politicians are waivers given to importers of Iranian oil. Administration officials have argued the U.S. sanctions push will force Iran to change its behavior. leaving the door open for a European plan. Iran has nonetheless sent abroad about 100,000 bpd of “Without a doubt, the sanctions are working,” Mandelker said at the Aspen security forum. She pointed to Those are the contours of a narrative that has formed here crude in July, said the industry source, who tracks such Iranian oil exports being at their lowest levels ever and Iranian proxies publicly appealing for donations.