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
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
This past week, a couple of articles have been published that hint at the central incoherence of the United States’ Iran policy. The arguments are not necessarily new, but they show in concrete terms how the stated objective of US… Continue Reading
via Middle East Economic Survey By Jahangir Amuzegar *Dr. Amuzegar is a distinguished economist and former member of the IMF Executive Board. During the last 12 months, and particularly since January 2012, the erratic and unhinged behavior of the Iranian currency,… Continue Reading