Iranian Currency Falls to Record Lows

Latest Pakistan Political Economic News

The Iranian currency fell to a record low against the US Dollar touching 447,000 rials / $ in the unofficial market, which was 430,500 rials / $ a day ago.

 

Reports of further sanctions and new sanctions from EU have been attributed to this fall. The rial has lost 29% of its value since nationwide protests following the death in police custody of a 22 year-old Kurdish Iranian woman, Mahsa Amini, on 16th September.

 

 

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