Tag Archives: Rial

Hyperinflation Has Arrived In Iran

Posted on October 3, 2012 by DRenegade

Since the U.S. and E.U. first enacted sanctions against Iran, in 2010, the value of the Iranian rial (IRR) has plummeted, imposing untold misery on the Iranian people. When a currency collapses, you can be certain that other economic metrics are … Continue reading →

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Iranian police clash with protesters over currency plunge

Posted on October 3, 2012 by DRenegade

As the rial plunges to record lows almost daily, foreign exchange dealers in Tehran protest against Ahmadinejad’s “failed economic policies,” riot police use tear gas to disperse protesters. PHOTO: REUTERS DUBAI – Iranian riot police clashed on Wednesday with demonstrators … Continue reading →

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Bank Runs in Iran

Posted on January 3, 2012 by DRenegade

The Iranian rial is collapsing: it has lost 63.8% in the past month. The Iranian people are waiting in line to withdraw their money from their banks and the world is watching to see how their leaders will handle this … Continue reading →

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