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Iran's Rial Unexpectedly Rallies After Weeks of Steep Falls - Voice of America
Iran's currency unexpectedly rallied Tuesday after weeks of depreciation linked to renewed American sanctions, sending Iranians rushing to exchange shops to cash in. In the Iranian capital, money exchange shops offered 135,000 rials for one U.S. dollar ...
UPDATE 1-Iranian rial hits record low of 170000/dollar - Tasnim news agency - Reuters
(Adds background). GENEVA, Sept 26 (Reuters) - The Iranian rial hit a record low against the U.S. dollar on the unofficial market on Wednesday, the Tasnim news agency reported, amid a deterioration in the economic situation in Iran and the reimposition ...
Dollar In 'Tears'? Iran Celebrates Rial Rally - RadioFreeEurope/RadioLiberty
Iran's national currency has been on a months-long freefall. The cost of living for Iranians has soared, sparking angry antigovernment demonstrations in the Islamic republic. So the country's hard-liners were in celebratory mood after the rial ...altro »
Iran maneuvers to win back public trust in the rial - Al-Monitor
The Central Bank of Iran (CBI) has since been largely successful in maintaining the value of the national currency, which has taken a beating due to structural problems in the economy and psychological factors relating to the US withdrawal from the ...
Dollar down as Iran's Rial regains lost values - PRESSTV
The US dollar went on a downhill spiral in Monday trading in Iran's free currency market by experiencing a historic plunge of above 20 percent within only hours. The greenback started the day at close to 180,000 against Iran's national currency the Rial.
Iran allows central bank to defend rial by intervening in forex market - Reuters
DUBAI (Reuters) - Iran on Saturday authorized the central bank to intervene in the foreign exchange market in defense of the rial, state television reported, after the currency fell to repeated record lows in recent weeks following the reimposition of ...
Jahangiri apologizes to Iranians over problems as rial firms - PRESSTV
Vice President Es'haq Jahangiri has apologized to Iranians over economic problems in the face of US sanctions, assuring that state authorities are working “day and night” to tackle them. “I apologize to the honorable people for some problems and assure ...altro »
Iranian rial continues its comeback as central bank intervenes on market - bne IntelliNews
The Iranian rial (IRR) continued its rebound on October 7, strengthening to around IRR123,000 against the US dollar on the free market, according to data on foreign exchange website Bonbast.com. However, October 8 saw the currency give up some of its ...
What rial devaluation means for Iranian government - Al-Monitor
The devaluation of Iran's currency has led to a number of conspiracy theories, one of which focuses on the premise that the government has intentionally devalued the rial in order to improve its own finances. The thesis argues that the government's ...
Iran REVOLT latest: Teachers STRIKE in angry protest as Trump sanctions cripple economy - Express.co.uk
The Coordinating Council of Teachers Syndicates in Iran (CCTSI) called for and organised the strike. According to the teachers, their salaries mean nothing since prices are soaring and purchasing power has been on a steady decrease as the Iranian rial ...altro »