28east

Politics, religion, and culture where East meets West

Rial continues to fall

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Just as a reminder, the currency war in Iran continues, in tandem with the ousting of al-Assad. From the San Francisco Chronicle (here):

TEHRAN, Iran (AP) — Iran’s currency hit a record low against the U.S. dollar in street trading, the semiofficial Mehr news agency reported Sunday.

Mehr says the rial dropped nearly 7 percent in a single day, to 24,300 rials to the dollar. Street traders say the rial rose slightly later on Sunday to around 23,900 rials to the dollar.

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Written by M. James

September 9, 2012 at 2:51 pm

Posted in News, Politics

Tagged with , , ,

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