04.10.2012 - Iran currency crisis: Sanctions detonate unstable rial
As international sanctions against Iran have tightened, the value of the Iranian currency has plummeted. Ferdowsi Street in central Tehran is named after Ferdowsi, a poet who millennia ago compiled the Epic of Persian Kings and their eternal, mythical battle with evil. The road is home to a long row of small shops where three types of money traders operate: "illegal" street money-changers, licensed exchange bureaux and, last but by no means least, big traders who move and shake the market with a phone call from their drab offices in the back alleys...............................................Full Article: Source
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