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The rial traded at 777,000 rials to the dollar, traders in Tehran said, down from 703,000 rials on the day Trump won. Iran’s Central Bank has in the past flooded the market with more hard ...
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.
The rial plunged to 820,500 to the dollar on the unofficial market, compared to 808,500 rials on Friday, according to Bonbast.com, which reports exchange rates.
The fall of Syria’s Bashar al-Assad was the crescendo of a remarkably bad year for the Iranian regime. ... The Iranian rial is down 46% this year, making it officially the least-valuable ...
The Iranian rial has fallen almost five-fold since the beginning of 2018. In turn, Iran's forex reserves have fallen, as Iran is trying to maintain the value of its currency by injecting forex into the market to meet the demand for US dollars by the general public and companies and pay for imports. [72]
Havocscope Black Markets Database [37] Size of Iran's black market is over US$10.64 billion; Largest black markets in Iran are that of alcohol smuggling ($912.5 million), Drug smuggling ($8.5 billion), Petroleum smuggling ($1.3 billion), Cigarette smuggling, Prostitution, Arms trafficking, Corruption, unlicensed movies and unlicensed software ...
The rial traded at 777,000 rials to the dollar, traders in Tehran said, down from 703,000 rials on the day Trump won. Iran’s Central Bank has in the past flooded the market with more hard currencies in an attempt to improve the rate.
The rial traded at 703,000 rials to the dollar. In 2015, at the time of Iran’s nuclear deal with world powers, it was at 32,000 to the dollar. ... Voters have elected two black women to serve ...