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(Wall Street Journal) David S. Cloud - The Iranian rial has lost a fifth of its value since last week, hitting a low of 601,500 to the U.S. dollar on Sunday. Iran's official exchange rate is 42,000 rials to the dollar. Urban inflation hit 52.7% in January, up 2.1% from December, according to Iranian government statistics. 2023-03-02 00:00:00Full Article
Iran's Currency Tumbles in New Challenge to Clerical Leadership
(Wall Street Journal) David S. Cloud - The Iranian rial has lost a fifth of its value since last week, hitting a low of 601,500 to the U.S. dollar on Sunday. Iran's official exchange rate is 42,000 rials to the dollar. Urban inflation hit 52.7% in January, up 2.1% from December, according to Iranian government statistics. 2023-03-02 00:00:00Full Article
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