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Free market US$1 = Rls 804,000 (27 December 2024) [13] The rial ... US dollar – Iranian rial official exchange rate graph (2000-2017) [citation needed]
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 ...
2015: Fluctuations in global prices of commodities and the official exchange rate of the Iranian currency have a big impact on the profitability of companies which produce global commodities that are either exported or sold on the free market domestically. More than half the weight of the Iranian stock market cap belongs to such companies. [65]
In Iran, in the 1980s, 1990s, 2011 and 2018, an attempt was made to stabilize the government currency rate in this way, but it was not successful, and even by preventing the creation of a free currency market and announcing the rate within the borders of the country, the exchange market of Rial and other currencies continues abroad the country ...
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 ...
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
They totaled 17,344 trillion rials, or US$523 billion at the free market exchange rate, using central bank data, according to Reuters. [ 2 ] Since 2001 the Iranian Government has moved toward liberalising the banking sector, although progress has been slow.
In early 2019, following the hyperinflation of the rial, the central bank made a new proposal, suggesting the currency be redenominated by introducing a new toman with a value of 10 rials. [8] In July 2019, the Iranian government approved a bill to change the national currency from the rial to the toman with one new toman equalling 10,000 rials ...