News Briefs

  10/2/2012, Tishrei 16, 5773

Iranian Currency Dives, Ahmadinejad in Hot Water

Iranian President Mahmoud Ahmadinejad faces parliamentary questioning as Western sanctions help sink the “rial” currency by 20 percent in two days and Iranians run scared. The rial took a nosedive of 2-to-6 percent Tuesday following a dizzying 17 percent fall on Sunday in the wake of the threat of even tougher sanctions by the United States and Western allies.