Thursday, February 23, 2012

Iran

Iran's Currency Hits Record Low

A customer buys Iranian gold coins at a currency exchange office in Tehran's business district.
x
A customer buys Iranian gold coins at a currency exchange office in Tehran's business district.

Related Articles

TEXT SIZE - +

January 02, 2012

Iran's rial has hit a new record low against the U.S. dollar, just days after the U.S. enforced new economic sanctions over Tehran's nuclear program.

Some sources say the value of the rial decreased by as much as 12 percent on January 2.

The slide comes after U.S. President Barack Obama on December 31 signed into law new sanctions against Iran's financial sector and Central Bank.

Iran has threatened to close the strategic Strait of Hormuz, a passage at the entrance to the Persian Gulf through which 20 percent of the world's oil flows, if further sanctions are applied.

compiled from agency reports

You Might Also Like

It appears that Iranians may have to contend with more Internet restrictions in the near future.

Iran's National Internet Gets Late Spring Launch Date

Iran’s so-called "national Internet" will be launched in either in late May or June, according to an announcement by Iranian Telecommunications Minister Reza Taghipour. More
Payam Olad Azimi, Iranian defiant student from YouTube video

A Student Takes On The Iranian Regime

An Iranian student, who publicly challenged the regime and then fled to Turkey, talks to Persian Letters. More
Mourners carry the coffin of Mostafa Ahmadi Roshan during his funeral in Tehran on January 13. Roshan is the fourth Iranian nuclear scientist to be assassinated in two years. Iran accuses Azerbaijan of colluding with Israel in the killings.

The Iran Conflict Comes To The Caucasus

Incidents involving Jewish diplomats being targeted for attack in the South Caucasus illustrate how Georgia and Azerbaijan risk being drawn into the conflict between Tehran on one side and Israel and the West on the other. More
This forum has been closed.
Comment Sorting
Comments
     
by: vlad from: us-moldova
January 04, 2012 04:32
That worked with the Soviet Union, hopefully will work with Iran.

Iranian people deserve to be free. Iranians are the most open minded people from that region. Iran might be a free democratic state.

Most Popular

               
 
 
 
 
Being Discussed Now

How The Kremlin Is Using Sex To Sell Putin

Latest Comment (4 total)

Eugenio: I mean, Jack is right: Putin has got a pretty good selection in ... More

Iran's National Internet Gets Late Spring Launch Date

Latest Comment (3 total)

Eugenio: Whle gringos and their friends are making all this fuss around Iran, the ... More

Kosovo Talks Resume In Brussels

Latest Comment (6 total)

vn: To: brian

If by "Tadic didn't do anything to oppose it" you mean that ... More