Wednesday
Oct102012
The Latest from Iran (10 October): Economic Fantasy and Reality
Wednesday, October 10, 2012 at 11:55Iran Special: The US Nuclear "Experts" at ISIS --- When Propaganda Replaces Analysis
The Latest from Iran (9 October): Triple-Digit Inflation?
1815 GMT: Currency Watch. It looks like the Central Bank, trying to preserve foreign reserves, is restricting trade in the Iranian Rial. Reports indicate the Bank has declared that foreign currency accounts cannot be opened with Rials, but interest on the accounts will be paid in the local currency.
Meanwhile, an indication of the "real" price of gold, amidst the blackout on information. Khabar Online claims that advance sales of gold coins are trading at 14.44 million Rials (about $1200 at official rate).
That is an increase of about 11% on the "current" price, last posted on Tuesday.