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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

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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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