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Tag: The Iranian currency plunged against the US dollar

The Iranian currency plunged against the US dollar

The Iranian currency plunged against the US dollar as the country continues to deal with the economic impact of US sanctions and the coronavirus.

According to foreign exchange shops and websites, the rial in the free market on Saturday fell as high as 188,000 against the dollar.

The currency traded at around 150,000 as the country saw its first case of Covid-19 in February. From 2015, when the Islamic Republic accepted the curtailment of its nuclear program in exchange for sanction relief, the riot has fallen by more than 500% in value.

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Atashkadeh