NPR has a good segment its news shows called PlanetMoney, as Kane Thomas has noted. This morning, a segment featured a description of the pressure on Iran's currency. We will be turning to money, foreign exchange, and currency in the coming weeks, so not all of the language may be familiar yet, but have a look. I hope you will find it to be a nice segment in the way I did: it's targeted at the educated-but-not-specialized listener (or reader), so it demands your attention, but is sparing with the jargon.
In any event, the economic news out of Iran is a classic manifestation of exactly the kind of bank runs, panics, and possible currency collapses that have so often struck developing countries, such as in Latin America in the 1980s and 1990s. It also ranges from politics and corruption to the global market for energy (namely oil). We will discuss.
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