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In 2002 the "official rate" a/k/a "preferred rate" (Rls 1,752:US$1) was abolished, and the TSE rate became the basis for the new unified foreign-exchange regime. [48] Iran's Central Bank channels more than 90 per cent of hard currency into the local market (2012).
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.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The unofficial Iranian rial to US dollar exchange rate, which had plateaued at 40,000 to one in 2017, has fallen 120,000 to one as of November 2019. [47] Iran's economy has a relatively low rating in the Heritage Foundation's " Index of Economic Freedom " (164 out of 180); [ 48 ] [ 44 ] and ease of doing business ranking (127 among 190 ...
US dollar/Iranian rial exchange rate has remained relatively stable from 2003, when Iran adopted a "managed floating exchange rate" until 2012. Monetary policy is facilitated by a network of 50 Iranian-run forex dealers in Iran , the Middle-East and Europe .
Iran and Russia have finalised an agreement to trade in their local currencies instead of the U.S dollar, Iran's state media reported on Wednesday. The agreement was finalised during a meeting ...
US dollar/Iranian rial historical exchange rates (2003–2013) Iran's population reached 70 million in 2006. More than half of the Iranians are under the age of 30, and the literacy rate stands above 80%.
A survey based on the annual public reports and responses received from 17 exchange members showed in 2018 the trading value of the Iran Fara Bourse was roughly 18,084.88 million euros, which is the second-highest among all exchanges.