Currently viewing the tag: "Iran devaluation"
via Lobe Log
by Djavad Salehi-Isfahani
Four months after the collapse of the rial earlier this fall, Iran’s economy is still reeling from its effects. The rial lost 40% of its value in one week late last September, succumbing to accumulating pressures from free spending by the Ahmadinejad government, overvaluation caused by years of [...]
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