Iran’s currency in free fall
Iran’s currency, the rial, fell as much as 18% on Monday to a record low against the US dollar, according to media reports. It dropped to as much as 35,000 to the dollar, according to agencies citing currency exchange sites in the country.The currency has reportedly lost 80% of its value since the end of [...]
China and the US Dollar
As expected in 2010 amid a global recession, China replaced Japan as the world’s second most powerful economy. While China has a very long way to go before catching up with the US whose economy is worth $14.6 trillion against China’s $5.7 trillion (according to CIA stats), it all depends on how the US economy [...]
