The Latest from Iran (26 July): Mixed Signals on Syria

See also The Latest from Iran (25 July): Supreme Leader --- We are Strong, The West is Weak

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2004 GMT: Currency Watch. Is Iran on the verge of another currency crisis?

This week's "adjustment" of exchange rates to deal with import problems --- the Government put out $30 billion to support "basic imports" at the official rate of 12260 Iranian Rials to the US dollar, while the Central Bank introduced a rate of 15000:1 for "capital and intermediate imports" --- has not settled the open-market rate. To the contrary, the Rial has lost almost 3% and now stands at 19530:1.

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