Rial Near Historic Low
Tehran’s foreign exchange shops resumed their activities on Sunday ten
days after the protests over the plummeting national currency and the arrest of
30 currency dealers had forced them stop their work. In what appears to be a
coordinated action, the exchange shops now have put a limit of $200 for
customers wishing to purchase the dollar.
Tehran’s semi-official daily Jomhori
Eslami reported that the exchange shops were busy and at some shops there
were lines of people waiting to exchange their rials. The paper said the
exchange rate on Sunday was at 33,350 rials to the dollar. (Jomhori Eslami, 15
October)
The exchange rate on Sunday was near historic low of 36,500 of two
weeks ago that led to the crisis over the national currency.
File photo: ISNA
2 comments:
and again rial hits a new low against $
or not ?
The rial is heading one way only and that is down.
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