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Iran’s currency falls to new low as US blockade, sanctions impact trade
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Iran’s currency falls to new low as US blockade, sanctions impact trade

Al Jazeera·Maziar Motamedi·about 1 month ago
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Tehran, Iran – Iran’s national currency has plunged to new lows as authorities mobilise to dampen the impact of the naval blockade enforced by the United States. The Iranian rial shot above 1.81 million to the US dollar on the open market by early afternoon on Wednesday before partially recovering. The embattled currency changed hands for about 1.54 million earlier this week, and its rate was about 811,000 per US dollar a year ago. Recommended Stories list of 3 items list 1 of 3 Suspect arrested after two Jewish people stabbed in London list 2 of 3 Is Iran’s oil storage nearly full – and will it have to cut production? list 3 of 3 ‘No more Mr Nice Guy’: Trump warns Iran to ‘get smart’ over stalled talks end of list The rial had remained relatively stable over the past two months after experiencing an earlier drop as US forces amassed in the lead-up to the US-Israeli war on Iran, which began at the end of February.…

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