Iran’s currency the rial has fallen 20% in value over the last two weeks in trade against the US dollar. The devaluation indicates the Islamic Republic of Iran is increasingly struggling against international sanctions that have limited its ability to obtain foreign currency. The sanctions placed on Iran are intended to reduce its […]
Read MoreThe downgrade of US credit by Standard and Poor to AA+ from AAA really did not have as large an impact as feared but nonetheless served as a kind of wake-up call for the international financial system. The US’s debt market remains the world’s largest, safest and most liquid, presenting the best investment for foreign […]
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