pbel
Gold Member
- Feb 26, 2012
- 5,653
- 449
- 130
There is no need for war, Iran is imploding finacially,ripe for Revolution.
http://news.yahoo.com/iranian-students-feel-pain-currency-collapses-140417420.htmlDUBAI (Reuters) - Twice in less than a year, Neda's ambitions to study outside her native Iran have been wrecked by the collapse of the country's currency.
She and thousands of other students have watched helplessly as Western sanctions, and the abolition of a government policy that helped students meet their costs, have made a foreign degree so expensive as to be nearly impossible.
With the support of her parents, Neda was first set to go to northern Cyprus in January to study communications. But U.S. sanctions against Iran's central bank prompted a slide in the rial's exchange rate that month, putting the $1,500 per semester tuition out of reach of her upper middle class family, an indication of how the squeeze is affecting even the well-off.
"I had been accepted to the school and everything was ready to go," said Neda, 27, speaking to Reuters by telephone from Iran. "But when foreign currency became so expensive, I had to cancel my plans."
Neda then planned to go abroad for this year's autumn semester. But the sanctions, imposed over Iran's disputed nuclear program, triggered another plunge.
The currency lost about a third of its value against the U.S. dollar in 10 days in September and October as the sanctions cut Iran's hard currency earnings from oil exports.
Neda now says she will remain in Iran for the time being.
"This term especially my parents were encouraging me to go before things get any worse in Iran," said Neda, who like others interviewed for this article did not want her full name used because of the political sensitivity of the situation.
http://news.yahoo.com/iranian-students-feel-pain-currency-collapses-140417420.htmlDUBAI (Reuters) - Twice in less than a year, Neda's ambitions to study outside her native Iran have been wrecked by the collapse of the country's currency.
She and thousands of other students have watched helplessly as Western sanctions, and the abolition of a government policy that helped students meet their costs, have made a foreign degree so expensive as to be nearly impossible.
With the support of her parents, Neda was first set to go to northern Cyprus in January to study communications. But U.S. sanctions against Iran's central bank prompted a slide in the rial's exchange rate that month, putting the $1,500 per semester tuition out of reach of her upper middle class family, an indication of how the squeeze is affecting even the well-off.
"I had been accepted to the school and everything was ready to go," said Neda, 27, speaking to Reuters by telephone from Iran. "But when foreign currency became so expensive, I had to cancel my plans."
Neda then planned to go abroad for this year's autumn semester. But the sanctions, imposed over Iran's disputed nuclear program, triggered another plunge.
The currency lost about a third of its value against the U.S. dollar in 10 days in September and October as the sanctions cut Iran's hard currency earnings from oil exports.
Neda now says she will remain in Iran for the time being.
"This term especially my parents were encouraging me to go before things get any worse in Iran," said Neda, who like others interviewed for this article did not want her full name used because of the political sensitivity of the situation.