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(New York Times) Thomas Erdbrink - The Iranian rial plunged this week, losing 35% of its value against the dollar and hitting a record low. In 2013, the exchange rate was 36,000 to the dollar; in Tehran's black-market exchanges this week the going rate was 60,000. The currency slide is taking its toll on business, with many firms selling foreign products halting all sales, unable to determine prices. 2018-04-12 00:00:00Full Article
Steep Slide in Currency Threatens Iran's Economy
(New York Times) Thomas Erdbrink - The Iranian rial plunged this week, losing 35% of its value against the dollar and hitting a record low. In 2013, the exchange rate was 36,000 to the dollar; in Tehran's black-market exchanges this week the going rate was 60,000. The currency slide is taking its toll on business, with many firms selling foreign products halting all sales, unable to determine prices. 2018-04-12 00:00:00Full Article
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