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Iran's economy 'on the verge of collapse'
Topic Started: October 5, 2012, 7:52 am (395 Views)
Blessedx4
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Iran's economy 'on the verge of collapse' as currency loses 1/4 of its value in seven days
Yeganeh Torbati, Reuters | Oct 1, 2012 4:58 PM ET | Last Updated: Oct 3, 2012 9:45 AM ET
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Iran's rial plunged against the U.S. dollar in open-market trade on Monday, taking its loss in value over the past week to more than a quarter in further evidence that Western sanctions are shattering the economy.
To read more > http://news.nationalpost.com/2012/10/01/irans-economy-on-the-verge-of-collapse-as-currency-loses-14-of-its-value-in-seven-days/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+NP_Top_Stories+%28National+Post+-+Top+Stories%29&utm_content=Go




Riot police swarm anti-Ahmadinejad protesters in fury over currency
From Shirzad Bozorgmehr, Josh Levs and Joe Sterling, CNN
October 4, 2012 -- Updated 0943 GMT (1743 HKT)
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  • STORY HIGHLIGHTS

  • NEW: Several people, including two Europeans, are reported arrested
  • The U.S. State Department says it is "watching the situation very closely"
  • Iranians describe the stress and fear plaguing them
  • Pres. Ahmadinejad blamed international "psychological warfare"

To read more > http://edition.cnn.com/2012/10/03/world/meast/iran-sanctions-security/index.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_world+%28RSS%3A+World%29
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BevS
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Will this encourage Ahmadinejad to wretch up his noise against Israel to get the people's mind off their financial troubles?
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