Tag Archive for Iranian rial

Iranian currency plummets ahead of Trumps decision on ‘bad nuclear deal’

The Iranian rial is driven down by massive public demand for dollars among locals anticipating the resumption of US sanctions targeted to cripple Tehran’s economy.
– Iran’s central bank governor erroneously insists economy would not be hurt by Trump’s withdrawal from nuclear agreement.

Reuters

 

DUBAI – Iran’s rial traded near record lows against the dollar in the free market on Tuesday as Iranians tried to buy hard currency, fearing economic turmoil if US President Donald Trump withdraws from a deal on Iran’s nuclear program.

The dollar was selling for 65,000 rials, according to foreign exchange website Bonbast.com, which tracks the free market. Continue Reading »