rial freefall

Iran in 2012: A Year in Review

Published by Farideh Farhi

For Iran, 2012 will go down as the year of economic woes. The mantra of the “enemy’s psychological war against Iran” will no longer be blamed more than internal mismanagement even by the most ardent supporters of Mahmoud Ahmadinejad and… Continue Reading →

Understanding the Rial’s Freefall

Published by Djavad Salehi-Isfahani 13 Comments

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 →