Ukraine crisis hits Iran economy, rial sinks

Economists say the plunge of the Iranian rial this week was mainly due to theeconomic blowback from Russian markets tied to developments in Crimea. The episode highlights just how vulnerable the Iranian economy has become to shocks in the few large trading partners, such as Russia and China, it has been able to keep doing business with despite UN and unilateral US Treasury sanctions. Download a pdf copy of my original article here.

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Roshanak Taghavi

ROSHANAK TAGHAVI ( روشنک تقوی ) is a journalist who has reported from New York, Cairo, Tehran, Lima, Mumbai, Dubai, New Delhi, Nagpur and Washington, D.C. She has written on economics, politics and culture.

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