Economic and military tensions escalate prices of gasoline and foreign currencies in Iran
News of impending economic sanctions against Iran and military tensions in the Persian Gulf, seem to have escalated shortage of gasoline and price of foreign currencies in Iran. Despite tight government controls, Iranian currency has lost about 3% of its value since last year, possibly due to large scale expatriation of capital and investments out of Iran in anticipation of economic and military moves by the West, and domestic pressures by the Green reform movement, against the Ahmadinejad government.
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