Global News Blog Iran's currency crash a blow to Ahmadinejad

The Iranian currency – the rial – has been essential in shoring up a view of Iran as strong and independent in recent years. Now it's collapsing on President Ahmadinejad's watch.

Vahid Salemi/AP

As Iran experiences new, harsh US and international economic sanctions over its nuclear program – a program considered by much of the country as a matter of national pride – a stable currency has become a national security priority.

of 5 stories this month > Get unlimited stories
You've read 5 of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.