Iran’s central bank has eliminated a subsidized, cheaper rate for foreign currency and reported a weaker official rate in its place, according to Iranian media and the central bank’s website on Saturday. The Iranian rial has lost much of its value in the last two years, under pressure from international sanctions over Tehran’s disputed […]
Tag: cheaper
Iran scraps cheaper foreign currency for studies abroad
Iran’s Minister of the Economy has announced that the Central Bank will not be responsible for providing foreign currency for students pursuing their education abroad.