1. Iran’s Economy Facing a Challenging Year

    ...dden surge in consumer prices, however, is clearly attributable to the drastic plunge in the free market value of the rial—from about $1=IR12,000 in December 2011 to about $1=IR34,000 in recent days. The national currency, which had been distinctly  overvalued for years and in desperate need of ad...

    Volume: 56
    Issue: 14
    Published at Fri, 05 Apr 2013
  2. OPEC's Response To Currency Conflicts

    ...asons for maintaining its current production. 4  These reasons include expectation of lower demand growth in 2011 than in 2010 coupled with the fragility of global economic recovery, and especially fears of a second banking crisis in Europe, all of which would negatively impact on oil demand and ma...

    Volume: 54
    Issue: 14
    Published at Mon, 04 Apr 2011