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The Iranian riyal loses one-third of its value DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The Iranian riyal loses one-third of its value

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The Iranian riyal loses one-third of its value Empty The Iranian riyal loses one-third of its value

Post by RamblerNash Mon Apr 09, 2018 9:52 pm

The Iranian riyal loses one-third of its value

The Iranian riyal loses one-third of its value Image

09-04-2018 11:53 AM

Baghdad News -

Reuters) - Iran's dollar fell another record against the dollar, losing about a third of its value within six months. But the Iranian leader Ali Khamenei considered that "the power of the regime will grow despite the nose of the enemies," and talked about the "stage of pride" for his country. The Iranian currency fell yesterday by more than 6 percent, as the dollar is worth 55200 riyals when the open market closed. The riyal lost about 30 percent of its value against the dollar within six months, at a time when the difference between the open market price and the official exchange rate set by the central bank yesterday at 37814 riyals to the dollar, which threatens to increase inflation again. Every week, long queues in Tehran are being held in front of money exchange offices.

"It is clear that there is an increase in the number of dollar buyers, who believe that the United States will withdraw from the nuclear agreement" between Tehran and the six countries in 2015. "The government can not do anything when it frightens the market. If the United States comes out of the deal, the Iranian currency could collapse further to 70,000 riyals against the dollar. "

The governor of the Central Bank, Crown Prince and Minister of Economy Massoud Karbissian, was summoned to an interrogation session to be held by the Shura (parliament) today. "The foreign exchange market is experiencing instability," the Mehr news agency reported, citing a "case that is a precedent in the history of Iranian criticism."

As living difficulties worsen, Khamenei stressed that "the power of the regime will increase, despite the enemies' nose and conspiracies." He said that "the increase in their attacks stems from their sense of the extent of the growing capabilities of Iran," speaking of the "stage of pride" of his country.


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