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Warning: Creating default object from empty value in /home/gssn/public_html/ipsorg/blog/ips/wp-content/themes/platform/admin/class.options.metapanel.php on line 49 foreign exchange | IPS Writers in the Blogosphere
The US and EU are touting Iran’s currency woes as proof that sanctions are working, though it’s not clear to what end. The Wall Street Journal reports that the Western powers “are working on new coordinated measures intended to accelerate the recent plunge of Iran’s currency and drain its foreign-exchange reserves”:
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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