A record decline for the Iranian currency reached 1.8 million riyals against the dollar economy

aljazeera.net
1 Min Read


The Iranian Students News Agency (ISNA) reported that the exchange rate of the Iranian riyal fell today, Wednesday, to a record level of 1,810,000 riyals per dollar, recording a decline of about 15% over the past two days.

This decline comes after weeks of calm in the currency exchange market in Iran, and appears to be driven by increased demand for foreign currencies, including the euro and the UAE dirham, according to what Reuters reported.

Websites tracking Iranian currency exchange rates showed prices varying between one million and 760 thousand riyals and one million and 810 thousand riyals to the dollar.



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