Home          Archives           Jerusalem Center Homepage       View the current issue           Jerusalem Center Videos           
Back

Steep Slide in Currency Threatens Iran's Economy


(New York Times) Thomas Erdbrink - The Iranian rial plunged this week, losing 35% of its value against the dollar and hitting a record low. In 2013, the exchange rate was 36,000 to the dollar; in Tehran's black-market exchanges this week the going rate was 60,000. The currency slide is taking its toll on business, with many firms selling foreign products halting all sales, unable to determine prices.
2018-04-12 00:00:00
Full Article

Subscribe to
Daily Alert

Name:  
Email:  

Subscribe to Jerusalem Issue Briefs

Name:  
Email: