IPS Writers in the Blogosphere

Currently viewing the tag: "devaluation"

Is Iran’s Rial in Free Fall?

From On December 3, 2014 · Leave a Comment

by Djavad Salehi-Isfahani The decision announced last Monday in Vienna to extend the talks aimed at a compressive agreement on Iran’s nuclear program for an additional seven months has resulted in Iran’s currency taking dive. In one week, the rial lost more than 5% of its value in the unofficial market. The devaluation has clear political

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Is Time on Iran’s Side?

From On April 8, 2013 · Leave a Comment

via Lobe Log

by Djavad Salehi-Isfahani

The latest round of talks between the P5+1 (the US, Russia, China, Britain, France, and Germany) and Iran in Kazakhstan concluded on Saturday without any tangible progress. While details of the reciprocal offers remain unclear, what we have learned indicates that neither side is in any particular hurry [...]

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Iran’s Economy Faces Grim 2013

From On January 3, 2013 · Leave a Comment

By Kevan Harris

via USIP

What is the state of Iran’s economy in 2013 compared to a year ago? 

Iran’s economy enters 2013 significantly worse than a year ago, particularly with higher inflation and unemployment than at the beginning of 2012. The rial also plunged from around 11,000 to the dollar at [...]

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Iran Shows Signs of Resilience Ahead of Potential Bilateral Talks

From On December 5, 2012 · Leave a Comment

via Lobe Log

By Richard Javad Heydarian

A key foreign policy consequence of President Barak Obama’s reelection is the growing possibility of face-to-face talks between the United States. and Iran. Both the US Secretary of State Hillary Clinton and Iran’s Foreign Minister Ali Akbar Salehi have expressed, albeit conditionally, their respective governments’ openness [...]

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Understanding the rial’s freefall

From On October 4, 2012 · Leave a Comment

Iran’s economy is not on the verge of collapse

via Lobe Log

The sharp drop in the value of the rial in the last two weeks has created much excitement in Iran and abroad, but mostly for the wrong reasons. In the parallel (or free) market for foreign currencies, the [...]

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The Drama of Iran’s Erratic Rial

From On August 17, 2012 · Leave a Comment

By Kevan Harris

via the United States Institute of Peace

What are the primary reasons that the Iranian rial has lost half of its value against the U.S. dollar in just one year? Iran’s currency was valued at about 10,000 rials to the dollar in the summer of 2011. It plummeted to more than [...]

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