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Joe Biden - 1 Iran's rial - 1 Donald Trump's - 1 Biden - 1
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Search resuls for: "Iran's rial"


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☆ Iranian currency plunges to record low against dollar after strikes on Israel
  + stars: | 2024-04-14 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +1 min
Two men are holding Iranian banknotes on a sidewalk in Tehran's business district, in Tehran, Iran, on April 13, 2024. Iran's currency, the rial, briefly plunged to a record low against the dollar on the unofficial market, after Tehran launched an expansive missile and drone attack on Israel on Saturday night, exacerbating tensions in the Middle East. The exchange rate was at 705,000 rials / USD on the open market around 10:30 a.m. local time on Sunday, according to data from foreign exchange monitoring site Bonbast. The government set an official exchange rate of 42,000 rials / USD in 2018. The development marked the first instance of a direct attack on Israel from Iranian territory, and Tehran now runs the risk of being hit with further trade and diplomatic restrictions.
Persons: Joe Biden, Iran's rial, Donald Trump's, Biden Organizations: Israel, . Security Locations: Tehran, Iran, Israel, Damascus, U.S
☆ Iran's currency slides to record low as savers buy dollars
  + stars: | 2023-02-25 | by ( ) www.reuters.com   time to read: +2 min
DUBAI, Feb 25 (Reuters) - Iran's rial currency sank to a record low against the U.S. dollar on Saturday despite central bank measures aimed at cooling demand for foreign currency from savers worried about inflation and the country's economic prospects. The rial was trading at 575,000 on the unofficial free market against the dollar, compared to 540,000 on Friday, according to foreign exchange site Bonbast.com. With annual inflation running at more than 50%, Iranians have been trying to protect the value of their savings by buying foreign currency or gold. Last week, it opened an exchange centre to allow ordinary Iranians to purchase foreign currency, but some market analysts said the move had yet to dampen appetite for greenbacks. The reimposition of U.S. sanctions in 2018 by then President Donald Trump have harmed Iran's economy by limiting Tehran's oil exports and access to foreign currency.
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