London, 25 July - Even though the U.S. sanctions against Iran have not yet taken effect, the country’s economy is displaying huge fluctuations on the foreign exchange market. The fluctuations have never been so dramatic and it is evident in the price of food and gold that has shot up. The country’s official currency, the rial, is also significantly losing value against the dollar.
The people of Iran are not only concerned about the economy, but they are feeling the impacts in a dramatic way. The state’s corruption is only adding to their discontent. It was recently revealed that of the dozens of credit institutes that stole money left by depositors, only one of them is going to be legally prosecuted.