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Iran sues US in international court

11:06 PM | 17 Jun, 2016
Iran sues US in international court
TEHRAN (Web Desk) - Iran is suing the US in the International Court of Justice, accusing Washington of violating a 1955 treaty by freezing its assets.

The case, filed Tuesday at the United Nations’ main court, follows a US Supreme Court decision in April that gave victims of terrorist attacks allegedly linked to Iran the right to collect some $2 billion in Iranian assets that are frozen in the US.

Iranian President Hassan Rouhani said he intends to pursue the case until the assets are designated to Iran.

"We shouldn't remain silent vis-a-vis this event and we officially filed a lawsuit at the International Court of Justice yesterday and will pursue the case until attaining results," Rouhani said on Wednesday, according to the Islamic Republic News Agency.

"The US courts have issued illegal rulings and said that the properties should be provided to the Americans and the families of those people killed in Lebanon and it is not clear what the Americans did in Lebanon (at the time) and how the issue is related to Iran," Rouhani said.

Iranian Foreign Minister Mohammad Javad Zarif warned after the Supreme Court ruling was issued in April that Iran would initiate legal action concerning the assets. Additionally, he was quoted saying last month Iran doesn't acknowledge the ruling.

Zarif also announced a special commission will be created to evaluate the US decision to freeze the assets and distribute them to Americans.

According to the Wall Street Journal, the U.S. is aware of the situation and is determining how best to proceed.

"As we have said before, we believe that the United States has acted consistent with its obligations under international law," State Department spokesman John Kirby said.

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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