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Your email address will not be published.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

PSX gains 657 points as political crisis ends

Karachi: On Friday, Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index registered a…

Germany makes billions from debt issuance

Berlin: It emerged on December 22 that the German government earned billions…

Dollar free fall continues against Rupee

On Tuesday, the Pakistani rupee gained further ground as the US dollar…

Microsoft & Alaska Airlines Team Up for Alternative Jet Fuel

Washington, Oct 22 (AFP/APP): Microsoft and Alaska Airlines announced a partnership Thursday…