Zamaneh Media
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
Zamaneh Media
No Result
View All Result

Iran’s rial tumbles once again

by Zamaneh Media
December 24, 2012
in Latest Articles
Reading Time: 1min read
0
Iran’s rial tumbles once again

The Iranian currency has plunged against the dollar once more, reaching 33,500 rials to the dollar. That constitutes a fall of 3,000 rials since last Monday.

The rial had been given some stability through a number of government actions like establishing an exchange bureau and other policies.

The government has blamed international sanctions and “economic saboteurs” for the fluctuations in the currency market, but government critics have also blamed the government for mismanagement of the situation.

International sanctions have reduced Iran’s oil revenues and foreign currency income; however, government critics say the government has deliberately avoided controlling the situation in order to profit from the high rate of exchange in the open market.

The government is also being accused of mismanaging the allotment of subsidized foreign currency to necessary sectors. A shortage of medicine has been partly blamed on the government’s failure to provide the necessary subsidized dollars in addition to the international sanctions.

Previous Post

Official’s jailed daughter slams prisons in letter

Next Post

Slightly Leaking

Related Posts

Encyclopaedia Iranica: a Dossier
Latest Articles

Encyclopaedia Iranica: a Dossier

February 28, 2021
Veiled Identity
Latest Articles

Veiled Identity

February 22, 2021
Untold Stories from Encyclopaedia Iranica: Interview with Abbas Amanat
Latest Articles

Untold Stories from Encyclopaedia Iranica: Interview with Abbas Amanat

February 11, 2021
November 2019: Which security and militia institutions started violence and shot people?
Latest Articles

November 2019: Which security and militia institutions started violence and shot people?

January 8, 2021
Encyclopedia Iranica “A real tour de force” is in Peril
Latest Articles

Encyclopedia Iranica “A real tour de force” is in Peril

December 24, 2020
The US Election and the Iranians’ Views: a Reflection of the Hatred for the IRI
Latest Articles

The US Election and the Iranians’ Views: a Reflection of the Hatred for the IRI

November 3, 2020

RSS Iran in other media

  • Macron asks Iran for ‘clear gestures’ on nuclear inspections - Al Jazeera English
  • CERAWEEK-Trafigura economist says full restoration of Iranian oil far off - Devdiscourse
  • Turkey-Iran relations and their presence in Iraq | Daily Sabah - Daily Sabah
  • Pakistan-Iran-Turkey Cargo Train Service to Resume This Week - VOA Asia
  • France to push ahead with Iran censure resolution at IAEA - foreign minister - Reuters
  • Some $154m paid to support tourism businesses across Iran - Tehran Times
  • Ireland set to reopen embassy in Iran by 2023 - RTE.ie
  • US Treasury sanctions Iran-backed Houthi leaders - The Jerusalem Post
  • Iran's only female Olympic medallist to compete under white flag in Tokyo - Yahoo Sports
  • Iran's only female Olympic medalist to compete as refugee in Tokyo - The Jerusalem Post
Zamaneh Media

© 2020 Zamaneh Media

More information

  • Sponsors
  • Donate
  • About us
  • Contact us
  • Legal

Follow Us

No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise

© 2020 Zamaneh Media