06.08.2009 - Tehran struggles to defend currency
From WSJ: Iranian economists are predicting double-digit currency depreciation by year-end, amid expectations that already high levels of capital flight will increase over fears about Iran's economic direction. The government has managed to keep depreciation mostly under 5% a year since 2001, despite the U.S.-led sanctions that limit trade with and imports to the Islamic Republic. But economic problems snowballed after President Mahmoud Ahmadinejad took office in 2005..........Full Article (Subscription Required) : Source