Iranian currency tanking. Sanctions shake Iranian markets.

Posted: January 6, 2012 in Iran, Middle East
Tags: , , , , ,

Sanctions are rattling Iranian economy

On Wednesday, the Iranian rial rose about 25% against the U.S. dollar. Recent sanctions and continuing sanctions plus bad choices by the Iranian government have allowed this historic financial instability in Iran.

Although the central bank has taken and proposed measures to prop up the currency and stabilize markets. They are likely short-term fixes.

Iranian officials deny sanctions are having the above stated effect

My wonder is how the ordinary citizens in Iran are coping with this uncertainty.

Iranian official speaks regarding sanctions.

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