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| Syria-Lebanon-Iran |
| Iran unifies official, open market exchange rates |
| 2018-04-10 |
| [PRESSTV] Iran's First Vice President Eshaq Jahangiri has announced that his country will unify official and open market exchange rates following the Rial's recent drop against the dollar. Jahangiri made the announcement on Monday night following an emergency meeting of the government's economic taskforce headed by Iranian President Hassan Rouhani. The first vice president said that as of Tuesday the price of the dollar would be 42,000 Rials in both markets, and for all manner of activities. He added that dollar sales at any other price would be considered fraud. On Sunday, Iran’s national currency the Rial plunged above 6 percent against the US dollar in free market. |
| Posted by:Fred |
| #1 Iran fixed its currency rate after the rial lost one-third of its value in six months. However, despite intervention the souk rate is still close to 60,000 rials to the dollar. The fall in the rial is blamed on reports the US would pull out of the nuclear deal. Expect the fall to continue. |
| Posted by: Clurong Peacock9529 2018-04-10 08:30 |