Iran’s Parliament has announced its displeasure with the administration’s “unsatisfactory” explanations for recent fluctuations in the value of Iranian currency. Parliament said the government could have prevented the rial’s sudden fall through “timely interventions.”
Tag: currency
Iran Ups Interest Rates To Stem Currency Crisis
Iranian President Mahmud Ahmadinejad has agreed to increase bank interest rates in an effort to halt a fall in the value of Iran’s currency.
Iranian currency hits record low after president rejects raise in interest rates
Iran’s national currency fell by six percent in a single day Wednesday after the president refused to sign off on a move to raise bank interest rates, state news agencies reported.
Central Bank tries to control currency market
Iran’s Central Bank has announced that anyone in possession of foreign currency without a bank receipt will be put under arrest beginning Sunday January 15.
Iran’s Currency Hits Record Low
Iran’s rial has hit a new record low against the U.S. dollar, just days after the U.S. enforced new economic sanctions over Tehran’s nuclear program.
Iran’s currency fluctuations continues
According to khabar online news site, Iran’s currency fluctuations continues. Today, rial was being traded 1480 for a dollar in the morning. However, by noon the rate had increased to 1550. Source: www.khabaronline.ir
Iran turns attention to plunging currency
By Marc Burleigh(AFP) — Iranian officials, lawmakers and media on Wednesday snapped their focus on to their country’s sanctions-hit economy amid a sudden and accelerating plunge in the currency.