The Iran Rial lost 60% of its value in the past 8 days
according to the Atlantic (nice graph at the link)
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How Does a Currency Drop 60% in 8 Days? Just Ask Iran
By Matthew O'Brien
Oct 2 2012, 6:21 PM ET
In case you were wondering, this is what an economy dying looks like. More specifically, it's what a currency dying looks like. It turns out the latter implies the former, as Iran is quickly finding out.
Posted by: lord garth 2012-10-03 |