Rial
Kevan Harris What is the status of Iran’s economy three months after President Hassan Rouhani’s inauguration? In a televised interview marking his first 100 days, President Rouhani acknowledged that the state coffers were virtually empty when he assumed the presidency. The government did…
Sanctions are costing Iran some $5 billion a month —or $120 billion since 2008— according to senior U.S. officials. Overall, Tehran’s economy shrunk by five percent in 2012. Sanctions have also cut Iranian banks off from the international financial system, which has exacerbated rampant…
On June 3, the United States imposed sanctions for the first time on Iran’s currency, the rial. Foreign financial institutions may now face penalties if they “knowingly conduct or facilitate significant transactions” involving the rial― which has already lost half its value since January 2012…
Kevan Harris 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…
Kevan Harris 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…
Helia Ighani Iran’s currency crisis has sparked deep divisions inside the regime. Top officials have blamed others in the Tehran government for mismanagement and irresponsible fiscal policies. The regime has countered by citing international sanctions for a role in the…
Iran's currency has dropped by a stunning 40 percent in a mere week, generating protests in Tehran. But the currency crisis dates back more than a year. The following is a news analysis providing context on Iran's fluctuating rial by Siamak Namazi.
News of currency…
Kevan HarrisWhat 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 20,000 to the dollar in the summer of 2012. …
Kevan HarrisWhat 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 20,000 to the dollar in the summer of 2012. Inflation…