Iranian currency on downward trend - Al-Monitor: the Pulse of the Middle East:
"When analyzing economic trends, the free market exchange rate of the Iranian rial is viewed as an indicator of the general business confidence in the country. Reviewing the initial effect of President Hassan Rouhani’s election on the rate in 2013, one can feel the overall positive impact that the new government had on the business climate. Indeed, in April 2013, the rate stood at about 35,000 rials to the dollar and then rose to a peak of about 39,000 before the June 2013 elections, but fell to 29,700 in January 2014. However, the fact that the rial has lost about 10% of its value (it's now trading at about 33,000 to the dollar) since the beginning of the current Iranian year (March 21, 2014) is not a positive sign for a government that pledged to stabilize the country’s economy."
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