Iran's currency slid to fresh record lows against the dollar and euro, prompting the central bank to step in and sell dollars to prop up the rial. Pressure keeps building from outs
Iran's currency slid to fresh record lows against the dollar and euro, prompting the central bank to step in and sell dollars to prop up the rial. Pressure keeps building from outside as well, with the US expanding its military presence in the region and a Treasury official suggesting the economic squeeze campaign is inflicting real damage, while oil flows face tighter restrictions. Inside the country, another execution tied to the January protests signals continued hardening of internal control as officials remain at odds over who bears blame for the worsening economy.
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