Thursday, September 20, 2012

Unemployment mounts as Iran's economy falters

 

 

A money changer holds Iranian rial banknotes as he waits for customers in Tehran's business district in this Jan. 7, 2012 file photo. Iran is hoping that radical reform of its currency market will help stabilize an exchange rate that has been badly battered by Western economic sanctions, speculators and inconsistent government policy.Iranians are reeling under tough economic sanctions imposed by Western countries since the start of the year over the Islamic Republic's pursuit of its nuclear program, which Washington says is a drive to develop a weapons capability.



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