Iran devaluation

Gasoline Prices: Iran’s Achilles’ Heel

Published by Sara Vakhshouri 4 Comments

by Sara Vakhshouri This week Iranians began dealing with a new phase of reduced fuel subsidies and increased gasoline prices. The new gasoline prices were announced at midnight on April 24 by the National Iranian Oil Refining and Distribution Company… Continue Reading →

Iran’s Economy After Devaluation

Published by Djavad Salehi-Isfahani 2 Comments

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 →