Iran Currency Freefall Forces President to Allow Rise in Interest Rates

Yahoo! News

Iran devalues in bid to stop rial slide

Yahoo! News

Iran devalues in bid to stop rial slide

TEHRAN (Reuters) – Iran announced an 8 percent devaluation of the rial on Thursday and said it would enforce a single exchange rate, aiming to stamp out a black market where dollars have soared due to fears over new sanctions imposed by the West. "I announce it right here at 12,260 rials (to the ...

Jan 26, 2012

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Radio Free Europe

Iran Ups Rates To Stem Currency Crisis

Radio Free Europe

Iran Ups Rates To Stem Currency Crisis

President Mahmud Ahmadinejad has agreed to increase bank interest rates in an effort to halt a fall in the value of the Iranian currency. Economy and Finance Minister Shamseddin Hosseini was quoted as saying that Ahmadinejad had approved a decision to raise interest rates on deposits to up to 21 ...

Jan 25, 2012

Al-Arabiya

Ordinary Iranians bear the brunt of international sanctions

Al-Arabiya

Ordinary Iranians bear the brunt of international sanctions

Thousands of Iranians have in recent days amassed by the border with Iraq to buy U.S. currency in their neighboring country, Iranian news website Mashreq reported on Monday, quoting Iraqi sources. As the Iranian rial has fallen almost 40 per cent against the dollar over the past two weeks, ...

Jan 25, 2012

NY Times

Iran Currency Freefall Forces President to Allow Rise in Interest Rates

NY Times

Iran Currency Freefall Forces President to Allow Rise in Interest Rates

Facing a wave of panic selling by Iranians worried that international sanctions and inflation are destroying the value of the rial, ’s president reversed himself on Wednesday and allowed bank interest rates to rise sharply in an effort to stop a slide that has depressed the currency to a ...

Jan 25, 2012

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Iranian Events Around the World

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Tehran Times

Iran raises interest rate to 21 percent

Tehran Times

Iran raises interest rate to 21 percent

– President Mahmoud Ahmadinejad has agreed to a decision by the Money and Credit Council to increase interest rates on bank deposits to 21 percent which is a little above the inflation rate, Minister of Economic Affairs and Finance Shamseddin Hosseini told reporters after a cabinet meeting on ...

Jan 25, 2012

Reuters

Iran's Ahmadinejad ups rates to stem money crisis

Reuters

Iran's Ahmadinejad ups rates to stem money crisis

A woman enters a currency exchange shop in Tehran's business district October 24, 2011./ (Reuters) - Iran increased bank interest rates on Wednesday and indicated it would further restrict sales of foreign currency, hoping to halt a spiraling currency crisis after new Western sanctions ...

Jan 25, 2012

CBS News

Iran ups bank interest rate to buoy rial

CBS News

Iran ups bank interest rate to buoy rial

(AP) TEHRAN, Iran — Iranian President Mahmoud Ahmadinejad has approved increasing bank interest rates to 21 percent, state media reported Wednesday, in a reversal of his earlier opposition to a move economists said was crucial to absorbing liquidity in the market and supporting the Iranian ...

Jan 25, 2012

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Yahoo! News

Iran's Ahmadinejad ups rates to stem money crisis

Yahoo! News

Iran's Ahmadinejad ups rates to stem money crisis

TEHRAN (Reuters) – Iranian President Mahmoud Ahmadinejad agreed to increase bank interest rates on Wednesday, hoping to halt a spiraling currency crisis intensified by new Western sanctions. "The economy minister has announced Ahmadinejad has agreed with the approval of the Money and Credit ...

Jan 25, 2012

Washington Post

Ahmadinejad approves higher interest rates to support Iranian currency

Washington Post

Ahmadinejad approves higher interest rates to support Iranian currency

TEHRAN, Iran — President Mahmoud Ahmadinejad has approved an increase in bank interest rates in a bid to absorb liquidity in the market and supporting the Iranian currency. Economy Minister Shamseddin Hosseini was quoted Wednesday by the official IRNA news agency as saying that Ahmadinejad ...

Jan 25, 2012

Reuters

Iran's Ahmadinejad agrees to up bank rates -report

Reuters

Iran's Ahmadinejad agrees to up bank rates -report

Iranian President Mahmoud Ahmadinejad has agreed to increase interest rates on bank deposits, the official IRNA news agency reported on Monday, a move that central bank officials hope will stem a steep slide in the value of the local currency. "The economy minister has announced Ahmadinejad has ...

Jan 25, 2012

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Iranian Events Around the World

We process 500-1000 new events every month using data robots and user/advertiser submissions, and then list them on local maps in bilingual ...

US envoys in Doha to meet mediators but not Iranians, Qatar says

June 30, 2026

BBC

US envoys in Doha to meet mediators but not Iranians, Qatar says

US envoys Jared Kushner and Steve Witkoff took part at the first round of talks with Iran in Switzerland/ US special envoy Steve Witkoff and President Donald Trump's son-in-law Jared Kushner are in Doha to discuss the US-Iran negotiations with mediators, Qatar's foreign ministry spokesman says, ...

US says it has agreed to 'stand down' after exchange of strikes with Iran

June 28, 2026

BBC

US says it has agreed to 'stand down' after exchange of strikes with Iran

The US and Iran have agreed to "stand down" following an exchange of strikes over the past few days, media reports say citing a US official. It comes after several attacks in and around the Strait of Hormuz, culminating in both nations accusing each other of violating their ceasefire. The ...

Khadijah Farrakhan, 'first lady of Nation of Islam' as wife of famous pastor, dies at 90

June 28, 2026

Yahoo! News

Khadijah Farrakhan, 'first lady of Nation of Islam' as wife of famous pastor, dies at 90

Add Yahoo as a preferred source to see more of our stories on Google./ FILE - Khadijah Farrakhan, wife of Nation of Islam leader Louis Farrakhan, stands before members of the 20th Navajo Nation Council Wednesday, July 19, 2006 in Window Rock, Ariz. (AP Photo/Matt York, File)/ FILE - Nation of ...

Israel strikes southern Lebanon as Hezbollah condemns new deal

June 27, 2026

BBC

Israel strikes southern Lebanon as Hezbollah condemns new deal

Israel says its forces are preparing for an "extended stay" in southern Lebanon/ Israeli air strikes in Lebanon have killed one person, the country's health ministry said, a day after the two countries signed a deal aimed at paving the way to a lasting peace. Lebanon's state news agency said an ...

Parkrun off for second week due to migrating frogs

June 27, 2026

Yahoo! News

Parkrun off for second week due to migrating frogs

Add Yahoo as a preferred source to see more of our stories on Google./ Kirkharle parkrun is cancelled again to allow migrating frogs - slowed down by the heat - to migrate across the course [Kirkharle Courtyard parkrun]/ A parkrun has been cancelled for a second week in a row due to frogs ...

Polygamous sect leader convicted of abuse charges after girls found in trailer on Arizona highway

June 26, 2026

Yahoo! News

Polygamous sect leader convicted of abuse charges after girls found in trailer on Arizona highway

Add Yahoo as a preferred source to see more of our stories on Google./ FILE - Hildale, Utah, sits at the base of Red Rock Cliff mountains, with its sister city, Colorado City, Ariz., in the foreground, on Dec. 16, 2014. (AP Photo/Rick Bowmer, File)/ FILE - This undated photo provided by the ...

US Senator warns of administration plan to hastily remove over 500 unaccompanied migrant children

June 25, 2026

Yahoo! News

US Senator warns of administration plan to hastily remove over 500 unaccompanied migrant children

Add Yahoo as a preferred source to see more of our stories on Google./ FILE - Planes used for deportation flights sit at the Valley International Airport, Aug. 31, 2025, in Harlingen, Texas. (AP Photo/Michael Gonzalez, File)/ FILE - Sen. Ron Wyden, D-Ore., introduces Treasury Secretary Scott ...

Former New Jersey middle school teacher indicted on new charges including manufacturing child ...

June 24, 2026

Yahoo! News

Former New Jersey middle school teacher indicted on new charges including manufacturing child ...

middle school teacher accused of having a sexual relationship with a student was indicted Wednesday on new charges, including manufacturing child sexual abuse material, prosecutors said. Ashley Fisler, 36, of Washington Township, now faces a 12-count indictment that also includes of a minor and ...

UN nuclear chief says inspectors will visit Iran sites as part of war deal

June 24, 2026

BBC

UN nuclear chief says inspectors will visit Iran sites as part of war deal

Rafael Grossi said the IAEA was working on dates, procedures and places for the inspections/ The head of the global nuclear watchdog has said it will carry out inspections in Iran under the country's preliminary peace agreement with the US. "The inspections will indeed take place," International ...

Israeli troops kill two in south Lebanon after lull in fighting, authorities say

June 23, 2026

BBC

Israeli troops kill two in south Lebanon after lull in fighting, authorities say

There has been a lull in the fighting between Israel and Hezbollah since Sunday/ Israeli soldiers have shot dead two people in southern Lebanon, the Lebanese health ministry says, in the first fatal incident reported since the latest ceasefire between Israel and the Iran-backed armed group ...

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