BREAKING NEWS

Western pressure, inflation send Iran's rial to record low

By REUTERS

DECEMBER 21, 2011 16:39

TEHRAN - International sanctions imposed on Iran over its disputed nuclear program, coupled with high inflation and fear of a military strike by Israel, has led Iran's currency to fall to its lowest-ever level against the US dollar.

With global oil prices above $100 a barrel, the world's fifth biggest oil exporter Iran says it can cope with the imposed international trade and financial restrictions, but analysts were less sure.

"The central bank is struggling to maintain the value of the rial but the nuclear dispute, the government's economic policies and fear of a strike makes it almost impossible," said analyst Hamid Farahvashian.

IDF kills senior member of Jama'ah group in Lebanon

By JERUSALEM POST STAFF

04/26/2024 08:12 PM

Israel to Egypt: 'One last chance' at hostage deal before Rafah invasion

By REUTERS

04/26/2024 07:45 PM

White House national security adviser sees new momentum in hostage talks

By REUTERS

04/26/2024 07:34 PM

Missiles sighted 15 nautical miles SW of Yemen's Mokha - Ambrey

By REUTERS

04/26/2024 06:42 PM