Iran’s currency reached an all-time record low amid rising tensions with the West and the unrest gripping the country. On Sunday, the United States dollar went past the 450,000-rial mark for the first time on the open market. Central Bank of Iran governor, Ali Salehabadi, had been sacked after a previous rapid depreciation of the rial in late December that saw it slump to more than 440,000 against the greenback at the open market.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Ceremony Held at Sialkot International Airport

SIALKOT, Oct 17 (APP): The Sialkot International Airport Limited (SIAL) can not…

CPEC projects accelerated by Pak-China cooperation: Mao Ning

On Tuesday, Chinese foreign office spokesperson Mao Ning said that Pakistan and…

Ghana plans to buy oil with gold instead of dollars

Ghana’s government is working on a new policy to buy oil products…