Friday , 26 April 2024

Monthly Archives: June 2018

How Iran dropped dual exchange rates but ended up with four

Al-Monitor -The devaluation of the Iranian rial first gained serious steam back in April, partly due to fears of returning US sanctions. As such, the administration of President Hassan Rouhani on April 10 implemented what it called a rate unification policy in order to prevent further depreciation of the national currency. Market fears were found to be justified when US …

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US Supreme Court Upholds Trump Travel Ban

Radiofarada – The US Supreme Court on Tuesday upheld President Donald Trump’s controversial ban on travelers from five mostly Muslim countries — a big victory for the Republican leader after a tortuous legal battle.

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Bazaar Protests Continue A Second Day in Iran

Radiofarada – Yesterday’s protest or the high value of the dollar are continuing today. There are protests in the surrounding areas to the Grand Bazaar. According to the the DPA news agency Tehran’s chief prosecutor Abbas Jafari Dolatabadi said that “A large number” of people who took part in a mass protest in Tehran’s Grand Bazaar this week have been …

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Environmental Crisis Forces Abadan Residents To Migrate

Radiofarda – High concentration of salt in the water has shut down the industrial and agricultural sectors around the southwestern Iranian city of Abadan and forced some of the residents to emigrate to other cities, an Iranian official says. “In the last month, the situation has become so critical that business activities have been directly affected”, Masoud Khayyatzadeh, the president …

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