Sunday, September 2, 2012

Report from Tehran, Iran

According to Barbara Slavin who traveled to Iran to cover the NAM Conference,  "Sanctions and economic mismanagement have cut the value of the local currency, the rial, compared to the dollar, so that the average monthly salary is worth only $500 compared to $1,000 a year ago. That makes it hard to pay rent of $100 or more for a tiny apartment, to buy chicken that costs $2 a pound, tomatoes that go for 50 cents a pound or gasoline at $3.50 a liter."  See the full report HERE

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