Iran lost $13.2 billion during the second...
Iran lost $13.2 billion during the second half of October because of worldwide stock market plunges and the dollar’s slide, Tehran Radio reported. In a related development, a leading Kuwaiti economist said oil-rich Kuwait may have lost $5 billion when the world’s stock markets plunged in October. Majid Qassemi, the governor of Iran’s central bank, was quoted as urging oil-producing countries to stop using the U.S. dollar to gauge oil prices because of its slide against other major world currencies.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.