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Entries in Shahmorad Najafi (1)

Saturday
May122012

The Latest from Iran (12 May): Ahmadinejad Keeps on Trippin'

A poster recognising Iran's women political prisoners, including Zahra Rahnavard, Narges Mohammadi, Nasrin Sotoudeh, and members of the Baha'i community

See also Iran 1st-Hand: "The Regime is Really Worried. They're Caught in a Bind"
The Latest from Iran (11 May): The Battle Within


2014 GMT: Currency Watch. After months of instability and decline, the Iranian Rial is strengthening against foreign currencies.

The Rial stands at around 15900:1 today vs. the US dollar, about 15% stronger than a month ago. The Iranian currency had lost about half its value between September and January, despite repeated attempts at intervention by the Government and Central Bank.

The bounce-back follows the declaration of Central Bank head Mahmoud Bahmani that the advance sale of gold coins has nearly stabilised the foreign exchange market.

The Rial is still much weaker than the official exchange rate of 12260:1.

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