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Tehran bans imports of luxury items

Sanction-hit Iran has announced a ban on imports of luxury items-ranging from high-end cars to coffee to toilet paper. Tehran has taken this move to control the flow of money outside the country and to promote domestic products. The increasing

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Afghanistan caps US dollar outflow to Iran

With Iranian Rial plunging, Afghan authorities have imposed a limit of USD 1,000 travelers can take out of Afghanistan to Iran. Rial has lost 1/3 of its value against the US in the past week, resulting in clashes between Iranian

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Iran Rial has lost 1/3 of its value

Protesters took it to the streets, expressing their angers at the plunging of the Rial currency. Foreign exchange dealers, some with license and some without, were lined up on the two sides of the roads. Iranian riot police officers clashed

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