Iran's Currency Drops Sharply In Value

Wed, October 3, 2012 8:00am



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Over the past week, the rial has lost 40 percent of its value, falling to an all-time low against the U.S. dollar. Steve Inskeep talks to Thomas Erdbrink, Tehran Bureau Chief for The New York Times, about the devaluation, and what the potential collapse of the rial means for regional politics and U.S. policy.

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