Iran’s currency plummeted to an all-time low on Saturday, registering a more than 21-percent drop in a span of two weeks against the US dollar, currency tracking websites and money changers said.
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Iranian currency hits record low
The Iranian currency hit a record low on September 9 with street traders offering the dollar at 24,430 rials. According to ISNA, only yesterday the rate was at 22,280 rials to a dollar.
Iran lingers low on press freedom index
Iran ranks near the bottom of the Press Freedom Index for 2011-2012, which was released today by the press rights organization Reporters Without Borders.
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.
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.
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.