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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 the United States.
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.
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 ...
The rate was US$1 = Rls 75.75 in 1957. Iran did not follow the dollar's currency devaluation in 1973, leading to a new peg of USD 1 = Rls 68.725. The dollar peg was dropped in 1975. [citation needed] In 1979, Rls 70 equalled USD 1. The value of the rial declined precipitously after the Islamic Revolution because of capital flight from the country.
US Dollar [23] USD East Timor: US$ [23] Centavo [23] Lari [24] GEL Georgia: ლარი [25] Tetri [24] Hong Kong dollar [26] HKD Hong Kong: HK$ [26] cent [26] Indian Rupee [27] INR India ₹ [27] paisa [27] Rupiah [28] IDR Indonesia: Rp [29] Sen [28] [29] Iranian rial [30] IRR Iran ﷼ [31] Dinar [30] Iraqi dinar [32] IQD Iraq: ع.د [33 ...
Government loans and credits are available to industrial and agricultural projects, primarily through banks. 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 ...
In a sign that it will allow some flexibility in exchange rates under threatened U.S. sanctions, Iran has lowered the official value of the rial versus the dollar for the first time since it tried ...
There are multiple sources estimating the military expenditure of Iran, however differences exist between the numbers. [4] An example is a dispute among U.S. government agencies; while the Arms Control and Disarmament Agency (ACDA) estimated Iranian 1993 expenditure to be $4.9 billion, U.S. intelligence experts believed Iran had spent up to $8 billion that year.