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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 ...
In 2015, during Iran’s nuclear deal with world powers, the rial was at 32,000 to $1. On July 30, the day that Iran’s reformist President Masoud Pezeshkian was sworn in and began his term, the rate was 584,000 to $1. Trump unilaterally withdrew America from the accord in 2018, sparking years of tensions between the countries that persist today.
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 April, with the rial sinking to record lows before U.S. President Donald Trump's decision to exit the Iran nuclear deal, Tehran said it was unifying official and free-market rates for the ...
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Iran's unit of currency is the rial which had an average official exchange rate of 9,326 rials to the U.S. dollar in 2007. [37] Rials are exchanged on the unofficial market at a higher rate. In 1979, the government nationalized private banks.
The Iranian Oil Bourse (Persian: بورس نفت ایران), International Oil Bourse, [1] Iran Petroleum Exchange Kish Exchange [2] or Oil Bourse in Kish [3] (IOB; the official English language name is unclear) also known as Iran Crude Oil Exchange, [4] is a commodity exchange, which opened its first phase on 17 February 2008. [3] [5] It was ...
Israel’s attacks on Hezbollah have rattled the group. As Iran watches its most prized non-state ally take a beating, questions are raised about how it might respond.