Hossein Raqfar, an economy expert in Iran, has acknowledged the drastic financial situation facing the regime. Calculations are showing difficult periods ahead even despite what seems, at surface at least, a rebounding currency following the Iranian currency – the rial – plunging to 190,000 against … [Read more...] about From currency crisis to rising inflation: Closer look at Iran’s economic turmoil
Rial
Why is Iran’s currency nosediving?
From late July of last year Iran’s currency, the rial, has lost 40 percent of its value against the United States dollar. This is considered a national catastrophe by many analysts. What is the reason and roots of this significant crisis? We are hearing a variety of answers these days, … [Read more...] about Why is Iran’s currency nosediving?
News from inside Iran & reports on Syria
Numerous protest rallies in Tehran, Ilam People from all walks of life and different ethnicities staged numerous protest and rallies on Sunday in Tehran and Ilam, western Iran, making their voices heard for their demands. In Tehran retired workers of the Tehran Baharestan Steel Company rallied … [Read more...] about News from inside Iran & reports on Syria