[Eleutheria5]

We have toilet paper worth more than the Rial. What's another plunge?

[oldbrowser]

However, traders in Tehran's money-changing district said they were selling one dollar for 37,000 rials -- a six percent decline over Monday's close.

All of this while the dollar itself is almost worthless .

[vet7279]

President Barack Obama’s game plan

Yeah, right!

[ImJustAnotherOkie]

Beats an EMP attack. I for one don’t want that genie out of the bottle any time soon.

[VanShuyten]

Pres. Obama is taking credit for this, but in fact, due to waivers he granted to China, India, Pakistan, et al, Iran's oil production has gone down only about 30%, to about 2.5 million bps. The US government says it's only 1 million bps, but who believes them anymore?

In any case, the inflation there is more likely due to the Iranian government using its foreign currencies to purchase equipment for its nuclear bomb project, funding foreign radical groups, and paying off the corrupt mullahs and their friends, leaving only the local debased currency for businesses.

[jonno]

Sounds to me like like more wag the dog...