Category Archives: Iran

Brief review of Iran’s reserves position as the rial collapses

I’ve looked through a lot of the reports on Iran’s ongoing currency collapse and actually the only source I could find for a comprehensive visual on this was Business Insider, with the following chart that tracks the past 70 days:

By the way, the year “1391” apparently refers to the Persian calendar.

For the sake of comparison, here’s the past 90 days of NYMEX Texas light sweet, or as you city slickers like callin’ it, “dubya tee ah”: Continue reading