Persian Gulf states warn Iran they may intervene if attacked in US standoff - Kan News

The Central Bank of Iran said the pre-printed 5,000,000-rial note entered the banking network on Sunday, describing the move as part of efforts to manage and facilitate the circulation of cash and to speed up everyday transactions.

At an exchange rate of about 1.6 million rials per US dollar, the new note is worth roughly $3.10, showing how years of inflation and currency depreciation have eroded purchasing power.

The central bank said the measure was intended to ease cash payments and provide a replacement for smaller denominations, and did not signal any change in the volume of liquidity.

• 

  Iran bank branches face cash shortages as demand spikes

• 

  Why Iran cannot stop its currency collapse

Iran’s Islamic Revolutionary Guard Corps reacted on Sunday to the European Union’s move to place it on the terrorist list, accusing the bloc of aligning with US policies and ignoring the destabilizing role of some regional actors.

The Guards said the EU approach amounts to “an obvious alignment with US interventionist policies,” according to the statement.

It added that the designation would not improve peace or regional security and would instead strengthen confrontation, making engagement and constructive cooperation more difficult.

US President Donald Trump is giving Iran time to step back from confrontation but will not remain patient indefinitely, Washington’s ambassador to NATO said, as the United States maintains military pressure while signaling an opening for de-escalation.

Matthew Whitaker told Fox News that Trump has set clear limits for Tehran, saying Iran must not pursue a nuclear weapon and must stop killing protesters at home.

Whitaker said Iran could reduce tensions quickly if it chose to do so, but warned that Trump’s restraint had limits.

“The ball’s in their court, but President Trump is not going to be forever patient on this,” he said.

“President Trump is backing that up with this armada that is sitting off the coast of Iran and in the region,” Whitaker said. He described the deployment as an off-ramp, adding that Washington was “not asking for much.”

Iran’s parliament moved on Sunday to press for the expulsion of European military attaches from Tehran, after lawmakers said EU armed forces are “terrorist groups” in retaliation for Europe’s designation of Iran’s Revolutionary Guards.

Alireza Salimi, a member of parliament’s presiding board, told Speaker Mohammad Bagher Ghalibaf that military representatives posted at European embassies in Iran should be expelled immediately.

Salimi said parliament had passed a law classifying European armies as terrorists and argued that allowing their attaches to remain in the country would violate Iranian law. He urged the foreign ministry to notify embassies without delay.

Ghalibaf responded by instructing parliament’s national security and foreign policy committees to pursue the matter with the foreign ministry.

Iran’s civil aviation chief said on Sunday that no new flight warnings have been issued and that all domestic and international flights are operating according to schedule.

Abouzar Shiroudi, head of the Civil Aviation Organization, said there was no new NOTAM, or flight warning, in place and that air traffic was continuing normally.

“All flights are currently operating normally,” Shiroudi said. He added that the total number of flights has declined due to lower market demand, not operational or security restrictions.