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Entries in Bahman Nasirzadeh (1)

Thursday
Apr072011

The Latest from Iran (7 April): We Have Met the Enemy, and They are Facebook and Twitter

2015 GMT: Line of the Day. President Ahmadinejad gives short shrift to the New Year message from President Obama, "What do you know about Nowruz?"

2005 GMT: Currency Watch. Peymane claims that the Iranian toman has dropped to a rate of 1115 v. the US dollar.

The Iranian Government has been trying to keep the toman's value around 1050 to the dollar. Last autumn, after the announcement of subsidy cuts and amidst sanctions, it intervened with influxes of foreign reserves when the toman fell, on the "free market", to 1200 to the dollar.

Peymane also reports that gold prices are rising amidst economic uncertainty.

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