Is Iran’s Rial in Free Fall?


by Djavad Salehi-Isfahani The decision announced last Monday in Vienna to extend the talks aimed at a compressive agreement on Iran’s nuclear program for an additional seven months has resulted in Iran’s currency taking dive. In one week, the rial lost… Continue Reading  

Will Falling Oil Prices Force Iran’s Hand in the Nuclear Talks?


by Djavad Salehi-Isfahani The timing of the fall in global oil prices could not have come at a worse time for the government of Hassan Rouhani in Iran. A decline of 30% in oil revenues, which he noted in a recent… Continue Reading  

Is Time on Iran’s Side?


by Djavad Salehi-Isfahani The latest round of talks between the P5+1 (the US, Russia, China, Britain, France, and Germany) and Iran in Kazakhstan concluded on Saturday without any tangible progress. While details of the reciprocal offers remain unclear, what we… Continue Reading  

Iran’s Economy After Devaluation


by Djavad Salehi-Isfahani Four months after the collapse of the rial earlier this fall, Iran’s economy is still reeling from its effects. The rial lost 40% of its value in one week late last September, succumbing to accumulating pressures from… Continue Reading  

Panic in Tehran


The Iranian rial has been in free fall for the last few days. Inflation has been ramping up for the last few months as the rial has lost more than 50 percent of its value over the last year. Unemployment… Continue Reading