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Entries in Ferdowsi Street (1)

Wednesday
Oct032012

Iran Feature: A Beginner's Guide to the Currency Crisis (Paivar)

Currency trade in Tehran on Tuesday

See also Iran Snap Analysis: Ahmadinejad and The Economy's "Worthless Pieces of Paper"


The kingmakers, though, are the big traders of the back alleys, "the invisible mafia" as the government prefers to brand them, those who are blamed for everything that goes wrong with Iran's currency market.

In the recent crisis this so-called mafia is accused of scooping dollars out of the market in a move challenging government measures to contain the crisis.

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