Friday, September 18, 2015

Another plunge in Iran’s Rial

Sanabargh Zahedi
Sanabargh Zahedi
In Tehran on Monday, the value of Iran’s official currency, the Rial, took yet another dive, standing at 35000 rials for each U.S. dollar. Two years ago, it stood at 29000 rials to the dollar.
The fall in the currency value is an important indicator of the fragile state of Iran’s economy and illustrates the Rouhani government inability to improve the country’s economic conditions.

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