Tue, Sep 26, 2017
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

The forces behind Iran’s currency crisis

Posted on 12 October 2012

In September and early October of 2012 the Iranian currency, rial, was in a state of free fall relative to the value of major world currencies and gold. The government of Iran, as well as the Central of Bank of Iran (Bank Markazi), appeared to be helpless in stopping the nosedive.
The adversaries of Iran, particularly Israel and the US, were jubilant and attributed the currency crisis to the success of “crippling,” “paralyzing” or “lethal sanctions,” to use various descriptions of these sanctions by US-Israeli officials………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
September 2017
S M T W T F S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930