Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

The Iranian currency - the rial - continues to collapse, diving several percentage points today...

  • Tuesday, October 2, 2012, 9:43 AM ET
    The Iranian currency - the rial - continues to collapse, diving several percentage points today to somewhere in the area of 35,500 to the dollar. The rial has now lost 80% of its value over the past year as oil export sanctions choke Iran's key source of foreign exchange earnings.
Track new comments on this story

This news story has 2 comments:

  •  
    This one is a puzzler to me, especially after the tour-de-force delivered by Ahmadinejad at the U.N. Who would have thunk that threatening to incinerate your neighbors would be bearish for your currency?
    2 Oct 2012, 09:56 AM Reply Like
  •  
    Sanctions actually work?
    3 Oct 2012, 05:16 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Energy & Materials Articles
More Latest Articles »