The Latest from Iran (18 January): Challenging Khamenei
Wednesday, January 18, 2012 at 19:41
Nikahang Kowsar draws inspiration from the victory of Ashgar Farhad's film at the Golden Globes Awards to suggest a remake, "Supreme and Mahmoud: A Separation"
1940 GMT: Currency Watch. Suddenly the Iranian Rial has plummeted on the leading currency site Meshgal. It has fallen 3.5% in a few hours to a record low of 18200:1 vs. the US dollar.
Before the Central Bank and authorities intervened in recent weeks --- through an "ordered" rate, attempted arrests of street traders, and blocks on websites including Mesghal --- the low point for the Rial was 17800:1.
1520 GMT: Currency Watch. ISNA reports that foreign exchange offices have stopped the sale of US dollars, even by phone, for fear of being closed down for not adhering to the "ordered" rate of the Central Bank.
The Central Bank's command was for 14000 Iranian Rials to 1 US $, but the rate on the streets is 17500:1.