Sun, Aug 31, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Iran’s currency falls 16 pct in single day

Posted on 02 October 2012

Iran’s currency has fallen 16 percent in a single day to hit a record low against the U.S. dollar and other foreign currencies in street trading. Street traders said Monday it reached 34,500 rials to the dollar. It was 29,500 rials on Sunday.
The collapse of the currency is a sign of the impact of Western sanctions imposed over Iran’s nuclear program. The West suspects Iran is aiming to build nuclear weapons, a charge Tehran denies………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31