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Page added on January 3, 2012
Iran’s Currency Plunge 10% After Fresh US Sanctions
The Iranian Riyal fell to a record low against the US dollar on Monday, after fresh US sanctions imposed severe penalties and restrictions on foreign financial institutions that had dealing with the Iranian central bank.
Late on Monday, Iran’s currency exchange rate was hovering at around 17,800 riyals to the US dollar, as compared to Sunday’s rate of 15,900 riyals to the dollar. This marked a more than 10 percent slide in the value of the riyal in just one day, and was a significant drop-off in its value since trading at just 10,500 riyals to the US dollar back in December 2010.
One Comment on "Iran’s Currency Plunge 10% After Fresh US Sanctions"
DC on Wed, 4th Jan 2012 12:17 am
The US continues to provoke war and conflict at every chance. Question is, will the (rest) of the world, leave Iran at the mercy of the rogue US empire, or will draw a line in the sand and say no more? Unfortunately, Iran despite backing from China and Russia, doesnt exactly go out of its way to make friends and influence people. That aside, lets hope China and Russia support Iran against the war-mongering amerikans and its corrupt corporatocracy
The US and its allies have barely begun to loot the Libyan people of there wealth, and US is allready planning its next war of economic theft.