TEHRAN — Faced with a plummeting currency in the wake of toughened international sanctions, Iran is cracking down on black-market money changers and warning that major speculators could face execution....Read the rest here.
...Products ranging from imported steel to iPhones and wheat have doubled in price, with traders changing price tags by the hour to keep up with the rial’s plunging value. The drop has prompted housewives, businessmen and pensioners to buy up even more foreign currency and gold, as few expect the situation to normalize anytime soon.
The Creator and Equalizer of All
21 hours ago
1 comment:
It's always the speculators.
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