Iran and mostly the ME are struggling financially and are mostly dependent on other countries for support. Iran is offering to fluctuate their rial (currency) in order to conclude an equivocal amount around 12,500 rials for one U.S dollar. The value of rials has obviously perished and declined, but in order for them to protect their savings against volatile inflation rate. Another country, Tehran is going to equalize their rials for 39,000 to a dollar which statistically ends up in a 60% decrease of their currency in a matter of days. The Peterson Institution for International Economics states that this is one of the most intense episodes for Iran and its surrounding countries within the past one hundred years.
Many critics suspect Iran's financial fall is due to investment of meats, grains and medicine where some of few Iran's only exceptions are imported goods which could have also impacted their downfall. The black market rate is now being held as a consideration for buying imports in order to save money. Iran is now holding sanctions against their savings to promote preservation on dollars they hold as foreign reserves. Oil exports are where generally Iran gets most of its revenue. Fewer dollars equal more rials being spent, devaluing the rial. When the rial falls, the price of their domestic output will increase in price.
The impact of their currency could ultimately affect the surrounding countries economically active near them who somewhat try to help, but as Iran and similar ME countries seem to decrease in domestic output, subsidies might need to be an option in order to help. The U.S is also helping the Middle East out to prevent social conflicts augment with terrorism. The stirring corruption in these deserts may also have a large impact, but as they are considered a developing country, the future might hold an economic incline for them due to unused resources and innovative techniques.
http://money.cnn.com/2012/10/05/news/economy/iran-currency/index.html
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