Iran likely to win battle of wills over currency

09.10.2012                      23.Tischrei. 5773                      Simchat Torah

Irans Rial:

Iran likely to win battle of wills over currency

Most free-market foreign exchange trade halted; gov't fails to pressure traders into using its rate.

A battle of wills between Iran's government and foreign exchange traders may end with authorities taking over all legal trade in the rial, leaving many Iranians to seek hard currency illegally in a poorly supplied black market….