fulcrum
Greatest Leader
Laitetaan Iran-uutisketjukin, sellaisille uutisille jotka eivät suoraan liity Syyriaan tai muihin konflikteihin joihin maa on osallisena.
Iranin valuutta romahtamassa
Iran's currency, the rial, lost some 20% against the US dollar in two weeks as Iranians rushed to hedge against depreciation of their assets. Some fear an imminent collapse of the nuclear deal and return of economic sanctions.
"We are sitting idle watching numbers go up. You cannot do business when you start the day with one rate and end with another," Ismail Kazemi, an Iranian coffee importer, said in a phone call from his office in north Tehran.
"Best is to do nothing until the dust settles," he added.
In the foreign exchange market it has been more of a sandstorm for the past few weeks. The Iranian currency, the rial, lost 8% against the dollar in one day this week.
On Monday night the government stepped in, removing the discrepancy between the exchange rate used by traders - 60,000 rials to the dollar - and the official rate - previously 37,000.
The new single rate has been set at 42,000 rials to the dollar.
-----------------------------------------------------------------------------------
Iranin valuutta romahtamassa
Iran's currency, the rial, lost some 20% against the US dollar in two weeks as Iranians rushed to hedge against depreciation of their assets. Some fear an imminent collapse of the nuclear deal and return of economic sanctions.
"We are sitting idle watching numbers go up. You cannot do business when you start the day with one rate and end with another," Ismail Kazemi, an Iranian coffee importer, said in a phone call from his office in north Tehran.
"Best is to do nothing until the dust settles," he added.
In the foreign exchange market it has been more of a sandstorm for the past few weeks. The Iranian currency, the rial, lost 8% against the dollar in one day this week.
On Monday night the government stepped in, removing the discrepancy between the exchange rate used by traders - 60,000 rials to the dollar - and the official rate - previously 37,000.
The new single rate has been set at 42,000 rials to the dollar.
-----------------------------------------------------------------------------------