by the United States, the EU announced the Central Bank of Iran and its oil industry on the implementation of a new round of unilateral sanctions affecting Iran Rial against the U.S. dollar the official currency fell to its lowest level ever. To stabilize the currency, so he warned the Iranian Rial government officials said the black market speculation, repeat offenders will be sentenced to death.
Iran’s Minister of Justice
tough talk: “for the management of the current confusion in the currency market, the Iranian government to punish profiteering elements, does not exclude a small number of economic corruption, the death penalty may be repeated.”
from Obama December 31, 2011 signed by the central bank’s latest sanctions against Iran since the program, the Iranian currency exchange rate fell to the lowest point ever. Rial’s black market value has shrunk by half: the current price of 18,800 rials to one U.S. dollar. In December 2011, just 12,500 rials will be able to exchange U.S. $ 1. Also fall on the official exchange rate trend: Prior to 7400 rials is the dollar, but now only 1 U.S. dollar 11,500 rials. And preservation needs for the purpose of foreign trade, businessmen and ordinary people of Iran have been buying foreign currency and gold, resulting in Rial black market chaos.
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