Iranian currency drops to record low as US plans to tighten sanctions
Why This Matters
Key context: <p>Iran’s currency – the rial – has dropped to a record low of more than two million to the US dollar on the open market, according to websites that track the currency’s movement. The free market rate is different from the official rate, which values the rial 29 percent higher against the US dollar. The …</p> <p>The post <a href="https://www.egyptindependent.com/iranian-currency-drops-to-record-low-as-us-plans-to-tighten-sanctions/">Iranian currency drops to record low as US plans to tighten sanctions</a> appeared first on <a href="https://www.egyptindependent.com">Egypt Independent</a>.</p> This development from egyptindependent.com highlights ongoing changes in the sector.
Iran’s currency – the rial – has dropped to a record low of more than two million to the US dollar on the open market, according to websites that track the currency’s movement. The free market rate is different from the official rate, which values the rial 29 percent higher against the US dollar. The … The post Iranian currency drops to record low as US plans to tighten sanctions appeared first on Egypt Independent.
Curation & Context
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