Iranian rial hits all-time low as citizens scramble for US dollars

Iran 0 Comment 3

Bureaux de change close down to avoid queues after Tehran tries to stabilise exchange rate

Iran’s government is scrambling to contain a currency crisis after the rial hit an all-time low, prompting panic-buying of hard-to-find dollars amid political uncertainty.

The Iranian currency has been steadily losing its value against the dollar since the 1979 Islamic revolution, when one dollar bought 70 rials.

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Source: iran
Link : Iranian rial hits all-time low as citizens scramble for US dollars

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