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inflation | IPS Writers in the Blogosphere

IPS Writers in the Blogosphere

Currently viewing the tag: "inflation"

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 After Devaluation

From On February 7, 2013 · Leave a Comment

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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Treasury touts economic unrest in Iran as policy success; UANI urges “economic blockade”

From On October 5, 2012 · Leave a Comment

via Lobe Log

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 first [...]

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Panic in Tehran

From On October 3, 2012 · Leave a Comment

via Lobe Log

The Iranian rial has been in free fall for the last few days. Inflation has been ramping up for the last few months as the rial has lost more than 50 percent of its value over the last year. Unemployment is up to maybe 25 percent plus, and quite a [...]

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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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Should the United States Rethink Sanctions Against Iran?

From On August 13, 2012 · Leave a Comment

By Djavad Salehi-Isfahani

via the Federation of American Scientists

I have been less than a week in the medium-sized city of Neishabour, Iran, visiting relatives, and I can see no sign of a country hunkering for intensifying sanctions and looming difficult times. Sidewalks are full of shoppers and people seem to go [...]

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Sanctions and the shaping of Iran’s “Resistance Economy”

From On July 27, 2012 · Leave a Comment

via Lobe Log

The International Civil Society Action Network (ICAN) has published a useful brief aptly subtitled “Killing them softly” about the impact of sanctions on the lives of ordinary people who live in Iran, particularly women and other vulnerable groups such as Afghan refugee women and children. I recommend [...]

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