Iran’s currency has experienced another steep fall against the U.S. dollar, with each dollar buying more than 20,000 rials.
Tag: rial
Iran Central Bank says rial can be traded at market rates
Iran’s Central Bank, which had fixed the national currency at 12,260 to the dollar in a bid to stabilize it, said traders are once again allowed to buy and sell at market rates.
UPDATE 1-Iran rial slides, ‘dollar’ text messages appear blocked
* Rial down 20 pct since central bank intervention last week * Market rate vs dollar now 50 percent below official rate * Iranians say “dollar” text messages blocked, officials reportedly deny * One estimate puts inflation at 40 pct due to currency slide By Mitra Amiri
Iran bans unofficial money trades after rial slip
By Hashem Kalantari TEHRAN, Jan 8 (Reuters) – Iran’s parliament cracked down on unofficial money traders on Sunday after new U.S. sanctions helped trigger a currency crash as Iranians rushed to buy dollars.
Fall of rial strains airline budgets
Kish Air has announced that Iranian airlines are faced with cost increases of 30 to 35 percent due to the rial’s falling value relative to foreign currencies.
Western pressure, inflation send Iran’s rial to record low
(Reuters) – International sanctions imposed on Iran over its disputed nuclear programme, coupled with high inflation and fear of a military strike by Israel, has led Iran’s currency to fall to its lowest-ever level against the U.S. dollar.