On the Politics of how well Sanctions are Working

The escalating sanctions regime that has been imposed on Iran by the United States and European Union has placed all parties involved in a rather strange position. On the US side, the palpable glee over the dropping value of the… Continue Reading  

Understanding the Rial’s Freefall

by¬†Djavad Salehi-Isfahani The sharp drop in the value of the rial in the last two weeks has created much excitement in Iran and abroad, but mostly for the wrong reasons. In the parallel (or free) market for foreign currencies, the… Continue Reading