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Recent Iran research
|Iran Weekly: Stocks down 1 per cent on US foreign policy jitters, Andrea Rutherford, 9 Feb 2017|
|Iran Weekly: Stocks unchanged as US$9 billion bank recap gets under way, Andrea Rutherford, 2 Feb 2017|
|Iran and Russia consider new gas pipeline to Europe, Andrea Rutherford, 26 Jan 2017|
|Iran Weekly: Stocks fall 3.1 percent on banking woes, Andrea Rutherford, 26 Jan 2017|
|Turkmenistan cuts off gas supplies to Iran, Stephen O'Sullivan, Andrea Rutherford, 24 Jan 2017|
See all our Iran research >>
Why the Iranian rial is slumping (and should we be worried?)
The Iranian rial had a disappointing end to 2016, declining 9.7 per cent against the dollar and 4.3 per cent against the euro in the fourth quarter.
The debt markets are showing signs of strain too. Bank interest rates are capped at 15 per cent for deposits and 18 per cent for loans, but banks and unlicensed credit issuers are finding ways to offer depositors as much as 20-22 per cent (interest rates are “padded” by adding gifts, cash bonuses and service discounts). The interbank...