Hints and tips:
...Some 3m of them have put more than 40tn rials ($950m) into stocks this year alone....
...Additional reporting by Leila Abboud in Paris, Miles Johnson in Rome, Philip Georgiadis and John Burn-Murdoch in London and Eleni Varvitsioti in Athens...
...John Bolton, the famously hawkish outgoing US national security adviser, last year predicted that the Islamic republic of Iran would not survive to see its 40th birthday....
...I have never seen that for many years for an oil-based economy,” said John Sfakianakis, chief economist at the Riyadh office of the Gulf Research Center....
...John Bolton, US national security adviser, said the fall in the rial and other economic troubles showed that the threat of sanctions had already had a “major effect” in Iran....
...Its currency, the rial, has lost more than half its value against the dollar on unofficial markets this year and inflation is soaring....
...Last week the unofficial exchange rate of the Iranian rial to the dollar crashed through the 50,800 level, widening rapidly from the official rate, which is just below 37,000 rials to the dollar....
...John Bolton, the hawkish US national security adviser, predicted last year that the republic would “not last until its 40th birthday”. He was clearly wrong....
...The reforms have helped halve inflation from around 40 per cent last year to the current level below 20 per cent and stabilise the rial, the national currency....
...’s news of a possible international rapprochement mean the rial really doesn’t belong in his toxic list....
...Within hours of the deal, the rial strengthened against the dollar by 2 per cent....
...The most obvious impact has been on the rial, which has lost more than half of its value against the dollar since July 2010....
...Hanke, The Johns Hopkins University, Baltimore, MD, US...
...to strengthen rial – FT...
...True, Iran could already be experiencing hyperinflation, as John Hopkins’ Steve Hanke believes, estimating that inflation is running at almost 70 per cent a month....
...This week, the collapse of the Iranian rial hit the mainstream news....
...The Iranian rial has fallen in value by more than 50 per cent this year because of the tightening of US banking sanctions and the European Union ban on Iranian oil imports....
International Edition