Iran to Defend Rial

Iran’s First Vice-President Mohammad Reza Rahimi said today in Tehran that the government has successfully brought order to the country’s volatile foreign exchange markets and would never allow the rial lose its value against the US dollar [Mehr News Agency, 9 October].

Meanwhile, large crowds reappeared this morning in front of Tehran’s currency exchange shops. People were lining up for 6-7 hours to purchase dollar amid reports that the shops have stopped selling dollar to individuals.