30 Sep '12, 6am

NPR: Can't Change Your Money In Iran? Try Afghanistan #bitcoin #forex

NPR: Can't Change Your Money In Iran? Try Afghanistan #bitcoin #forex

Soraya Sarhaddi Nelson /NPR A money-changer in the Afghan city of Herat counts a stack of Iranian bills. More and more Iranian currency is being brought in by smugglers to exchange for dollars, which then go back to Iran. text size A A A September 28, 2012 The western Afghan city of Herat has become a thriving hub for the money exchange business, a consequence of geography and politics. Money-changers throng the currency market carrying thick stacks of Iranian currency, much of it brought in by the hundreds of thousands of Afghan workers who earn their living in Iran. While the stacks of crisp 100,000 rial notes that money-changers bring to the market might look like a small fortune, the 10 million rials in each of these stacks is worth less than $400, because the Iranian currency recently lost more than half of its value. Abdullah Dashti, who heads the Afghan money dealer...

Full article: http://www.npr.org/2012/09/28/161959942/cant-change-your-...

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