Iran’s rial hits new low against dollar as economy reels

SourceArab News
SectorEconomy
CountryMiddle east

Iran’s rial hits new low against dollar as economy reels Iran’s rial hits new low against dollar as economy reels Iran’s rial hits new low against dollar as economy reels Iran’s official exchange rate – used mostly for imports of state-subsidized food and medicine – is 42,000 rials per dollar. (AFP) Short Url Iran’s rial hits new low against dollar as economy reels The US dollar was selling for as much as 304,300 rials on the unofficial market Official exchange rate – used mostly for imports of state-subsidized food and medicine – is 42,000 rials per dollar Updated 10 October 2020 Follow @arabnews The Iranian rial fell to a new low against the US dollar on Saturday as the economy reels under pressure from the COVID-19 pandemic and US sanctions. The dollar was selling for as much as 304,300 rials on ...read more...