Browsing All posts tagged under »rial«

Iran’s government has no intention of even trying to increase currency exchange rate

October 18, 2012

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Iran’s government has no intention of even trying to increase the rate of exchange in the future, professor at the University of Glasgow Reza Taghizadeh said. “Iranian government has manufactured down fall of the local currencies, in order to deal with other areas of its economic failure, including the low growth of annual product,” Taghizadeh […]

United Against Nuclear Iran group targets Iran’s currency crash

October 9, 2012

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UANI (United Against Nuclear Iran) plans to highlight the current crash of the Iranian rial, which has fallen 80 percent in the last year, and 40 percent in the last week alone, a source in UANI said. Speaking of the latest foreign currency rate jumps in the Islamic Republic, the source in UANI said that […]

Expert: Iran’s currency drops in value reflects collapse in confidence

October 7, 2012

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Immediate drop in the value of the rial in Iran reflects a collapse in confidence in the currency as the result of sanctions that have significantly reduced oil revenues, expert James M. Dorsey said recently. Iran’s foreign currency market has become increasingly chaotic over a few recent days. The government officially launched the Iran Forex […]

Iran should yearly invest from $5 to $8 billion into new drilling wells

September 15, 2012

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Iran should be investing from $5 million to $8 million into drilling new oil wells, professor at the University of Glasgow and expert on nuclear issues Reza Taghizadeh believes. The expert was commenting on the continious decline of Iran’s oil production. Today, Iran is facing extreme international pressure because of its nuclear program, and the […]