Sunday, July 29, 2018

Iran into more trouble

Powerline tells the latest woes from Iran.
Iran’s currency hit a record low on Sunday of 100,000 rials to the dollar amid a deepening economic crisis and the imminent return of full US sanctions.
100,000 rials to the dollar isn’t Venezuela territory, but it is getting there. Just a few more orders of magnitude to go!
The rial has lost half its value against the dollar in just four months, having broken through the 50,000-mark for the first time in March.
Going against President Trump costs you.

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