US EditionIran's Currency Hits Record Low
21 Articles
21 Articles
Iran's Currency Hits Record Low Against Dollar As Norouz Holiday Travel Picks Up
Iran’s currency fell to a record low on March 24, plunging to 613,500 rials to the dollar as Iranians celebrated the Persian New Year. Most of the shops in Tehran's main currency exchange hub were closed due to the Norouz holidays.
The Nuroz holiday is a time when demand for foreign currency is increasing, and the rial has reached a rate of 613,500 to the dollar - 20 times lower than its value when the nuclear agreement was signed in 2015. Despite the grim economic situation, many prefer to focus on bringing livelihoods rather than protesting against the regime
The historic low of Iran's official currency, the rial, comes less than a month after the legislative elections, which registered the lowest participation rate in the country's recent history. Citizens who tried to exchange riyals for foreign currencies at Tehran's main exchange center, on Ferdowsi Street, were unable to do so because most of them were closed due to the Persian New Year holidays, which run from March 20 to April 2. “The price is…
24 مارس، 2024 بغداد/المسلة الحدث: سجل الريال الإيراني انخفاضا جديدا إلى مستوى قياسي أمام الدولار،... ظهرت المقالة انخفاض جديد للريال الإيراني أمام الدولار أولاً على المسلة.
Iran’s currency hits a record low
By AMIR VAHDAT Associated Press TEHRAN, Iran (AP) — Iran’s currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people celebrated the Persian New Year. On Sunday, people were trying to exchange rials for foreign currency at Tehran’s main hub of exchange shops in Ferdowsi Street, but most were closed due to the Nowruz holidays, which are run from March 20 to April 2. Some said that the rate was driven down by demand …
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