English | دری

Iran’s rial plummeted to an all-time low against the US dollar

in Afghan Business

Iran’s rial plummeted to an all-time low against the US dollar

rialThe devaluation of the Iranian currency, rial, hits its lowest against the dollar, registering a 21% drop in a span of two weeks.

The rial was traded at between 39,000 and 40,000 per dollar on the open market on Saturday, down from about 33,000 two weeks ago.

While the Iranian government has promised to take measures to shore up the currency, but there are no signs of their efforts.

This comes amid strong sanctions from the United States and the European Union in retaliation to Iran’s nuclear power program, an allegation the Iranian government denies and claims to be merely for peaceful purposes.


Tags assigned to this article:
Iran's RialIranian currency

Related Articles

Afghan carpets exported under the shadow of Pakistan

About one million Afghans are involved in the weaving industry in Peshawar, Pakistan out of the four million Afghans residing

Agriculture Ministry to provide employment opportunities to Faryab peace joiners

A series of development projects including horticulture and water supply projects would be implemented in Faryab province, said Ministry of

First Business Legal Service Center inaugurated in Herat

The first Business Legal Service Center, called Qaed Legal Services, was inaugurated on Thursday in Herat city in presence of

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.