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The rate was US$1 = Rls 75.75 in 1957. Iran did not follow the dollar's currency devaluation in 1973, leading to a new peg of USD 1 = Rls 68.725. The dollar peg was dropped in 1975. [citation needed] In 1979, Rls 70 equalled USD 1. The value of the rial declined precipitously after the Islamic Revolution because of capital flight from the country.
Pegged exchange rate within horizontal bands (1) Morocco ; Other managed arrangement (12) Kuwait Syria Liberia Myanmar Sierra Leone Zimbabwe Kenya Haiti Kyrgyzstan Tonga Vanuatu Venezuela ; Floating (32) Angola Belarus Madagascar Yemen Albania
2004 – The Arabic-language news network Al Jazeera broadcasts an excerpt from a 2004 Osama bin Laden video in which the terrorist leader first admits direct responsibility for the September 11, 2001 attacks and references the 2004 U.S. presidential election. [28] 2005 – Bombings in Delhi, India kill 67 and injure over 200 people. [29]
Sept 3 (Reuters) - The Iranian rial hit a record low against the U.S. dollar on the unofficial market on Monday amid a deterioration in the economic situation and the reimposition of sanctions by ...
In early 2019, following the hyperinflation of the rial, the central bank made a new proposal, suggesting the currency be redenominated by introducing a new toman with a value of 10 rials. [ 8 ] In July 2019, the Iranian government approved a bill to change the national currency from the rial to the toman with one new toman equalling 10,000 ...
Oil jumped more than 2% before paring gains on Friday on a report Iran may be preparing an attack against Israel, a move that puts the market focus back on escalating tensions between Tel Aviv and ...
Iran International (Persian: ایران اینترنشنال, romanized: Iran Internešenal) is a Persian-language satellite television channel and multilingual digital news operation established in May 2017 and headquartered in London aimed at Iranians and people interested in Iranian news, culture, society and sports. [1]
For the first time, the value of Iran's non-oil exports is expected to reach the value of imports at $43 billion in 2011. [307] Pistachios, liquefied propane, methanol (methyl alcohol), hand-woven carpets and automobiles are the major non-oil exports. [308] Copper, cement, leather, textiles, fruits, saffron and caviar are also export items of Iran.