Why did the rial tumble so precipitously? (+video)
The Christian Science Monitor / Roshanak Taghavi

Economic pressure resulting from US Treasury sanctions is widely recognized as a significant force behind the rial’s massive decline. But the blame for Tehran’s deteriorating economy is being resoundingly placed on the Iranian government itself for failing to cushion the country against the impact of sanctions many viewed as inevitable. Much of the criticism is based on the fact that the government seems to have done little to prepare for a situation it must have seen coming.

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