REFLECTIONS

The Depreciation of Iran's Rial

Oct 2, 2012 | 06:35 GMT

A brand new one Pound Sterling banknote issued bythe Bank of England with image of the Queen printed on it is displayed as collector's items on a sidewalk briefcase next to and old ten Rials bill issued by Bank Melli of Iran with the Shah's image for sale on May 3, 2013 in Tehran, Iran.

A brand new one Pound Sterling banknote issued bythe Bank of England with image of the Queen printed on it is displayed as collector's items on a sidewalk briefcase next to and old ten Rials bill issued by Bank Melli of Iran with the Shah's image for sale on May 3, 2013 in Tehran, Iran.

(Kaveh Kazemi/Getty Images)

The rapid fall of the Iranian currency is not evidence that international sanctions are having their desired effect....

Keep Reading

Register to read three free articles

Proceed to sign up

Register Now

Already have an account?

Sign In