Tehran Calm But Iran Merchants Fear More Currency Turmoil -- L.A. Times
Authorities keep a lid on protests, but analysts warn of hyperinflation, which could have dire consequences for consumers and the government.
TEHRAN — The black-market money changers are lying low these days here in Iran's capital, feeling the heat of a government that has singled them out for much of the blame in the free fall of the national currency, the rial.
"Money trading on the sidewalk has become like illicit drug trafficking," one trader, Asghar, said Sunday in a small shop near the British Embassy. "But it will not remain so." Asghar, like others interviewed, asked that his last name not be used, fearing arrest.
Read more ....
My Comment: For a good analysis and explanation on Iran's currency crisis, CNN has a good analysis . For Iran's elite .... no surprise .... they have already "insulated" themselves from the crisis.
No comments:
Post a Comment