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looking beyond borders

foreign policy and global economy

Tag: Iranian rial

Written by lookingbeyondbordersNovember 30, 2012November 30, 2012

Dollar-Less Iranians Discover Virtual Currency

Under sanctions imposed by the U.S. and its allies, dollars are hard to come by in Iran. The rial fell from 20,160 against the greenback on the street market in August to 36,500 rials to the dollar in October. It’s settled, for now, around 27,000. The central bank’s fixed official rate is 12,260. Yet there’s […]

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