DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**yovbQVpD** · 01-17-2012, 01:54 PM

Good article, c/o Le Metropole

Iran Cracks Down on Dollar Trades

Police Sent to Monitor Black Market as Iranians Smart Over Dropping Rial, Inflation; Sanctions Threat Set Off Latest Fall

Iran's rial currency has declined 40% to 55% against the dollar on the black market since December. Iranian inflation, meanwhile, now exceeds 20% a month, according to the Central Bank.

The rial was changing hands at 16,000 to 17,000 in recent days, down from 11,000 to 12,000 in December.

"The economic situation in Iran is a disaster. Trade is at a minimum, and everyone is in a state of panic," said Abdullah, a 47-year-old merchant in Tehran's grand bazaar. ... "We are all slowly going bankrupt."

01-17-2012, 01:54 PM	#6
yovbQVpD Join Date Oct 2005 Posts 401 Senior Member	Good article, c/o Le Metropole Iran Cracks Down on Dollar Trades Police Sent to Monitor Black Market as Iranians Smart Over Dropping Rial, Inflation; Sanctions Threat Set Off Latest Fall Iran's rial currency has declined 40% to 55% against the dollar on the black market since December. Iranian inflation, meanwhile, now exceeds 20% a month, according to the Central Bank. The rial was changing hands at 16,000 to 17,000 in recent days, down from 11,000 to 12,000 in December. "The economic situation in Iran is a disaster. Trade is at a minimum, and everyone is in a state of panic," said Abdullah, a 47-year-old merchant in Tehran's grand bazaar. ... "We are all slowly going bankrupt."
	Quote