German economy minister lashes out against US protectionism, sanctions

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"With better management and more efficient planning we can resist the sanctions and overcome them", Khamenei said, in an apparent effort to deflect public anger over the deteriorating economy towards Rouhani's government.

The Times described Khamenei's refusal as the "final word".

Donald Trump has already warned Iran on Twitter that it would "suffer consequences the likes of which few throughout history of suffered before", so it is not surprising that he's brought these plans back to life following renewed Iranian threats.

These restrictions have damaged European Union ties with Iran, which flourished after the milestone 2015 nuclear deal abandoned by the US.

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The current move from Iran follows the example of Venezuela, which launched its own currency called "petro" - also as a way to combat United States sanctions.

He indicated that Trump's decision to withdraw from the nuclear deal and re-impose sanctions proved his suspicion - which he had communicated to Rouhani - that the usa could not be trusted. He added, however, that even Europe, which is aligned with most U.S. policies, is being bullied by the current U.S. administration. "Even then American president, Reagan, who was more powerful than the current ones, in the famous case of McFarlane, sent him secretly to Tehran for negotiations, but he returned without any results 24 hours later".

Despite the criticism of Rouhani, the Times reported that the Supreme Leader made clear the he opposed attempts to undermine Rouhani's regime. We are all after the one who takes it, while the main fault rests with the one who gives it.

Rial's devaluation has presented the government of President Hassan Rouhani with possibly the most serious quandary.

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The rial has lost about half of its value since April in anticipation of the renewed United States sanctions, driven mainly by heavy demand for dollars among ordinary Iranians trying to protect their savings.

Those new companies started importing high-demand commodities with dollars at a rate of 42,000 rials and selling them at inflated prices for profit.

Khamenei approved a written request from the head of the judiciary, Sadegh Larijani, to set up special revolutionary courts to try people quickly for economic crimes.

"I wrote a letter to the leaders of the three branches of powers several years ago and told them that corruption is a seven-headed dragon that must be fully confronted".

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Ayatollah Khamenei, however, reminded that the campaign should be carried out justly without political noise. "War will not happen and we will not enter talks".

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