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: rial
Iran rial hits ‘all-time dollar low’
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.
Police announce more arrests around currency crisis
The Tehran Police force has announced that 88 “gold and foreign currency brokers” have been arrested, as disputes have intensified between the Iranian government and the Central Bank over handling the crisis in the currency and gold markets.
Iran’s rial tumbles once again
The Iranian currency has plunged against the dollar once more, reaching 33,500 rials to the dollar. That constitutes a fall of 3,000 rials since last Monday.
Iran annual inflation hits 24.9 percent in October
Iran’s Central Bank says the country’s annual inflation rate hit 24.9 percent in October compared to 24.0 the previous month.
Iran’s Currency Drops Again Vs. U.S. Dollar
The value of the Iranian rial has plunged by at least 9 percent to a new record low against the U.S. dollar.
Rial drops by another 13 percent
Iran’s currency has lost another 13 percent in value as the rial continues its freefall against foreign currencies.
Iran’s Currency Tumbles On Forex Markets
Iran’s rial currency plunged more than 7 percent in open-market trading on October 1, falling to a new all-time low of 32,250 rial to the U.S. dollar.
Iran’s currency crisis reaches new level
The Iranian currency has fallen to a historic low despite all efforts by the Islamic Republic to control the market.
Rial falls sharply as West looks to push Iran’s isolation
Iran’s currency, the rial, plunged to an all-time low on Sunday, exchange traders said, as Western nations sought to further isolate the country economically and diplomatically.