![]() ![]() Security forces have sought to quash dissent, killing at least 270 people and arresting some 14,000, according to rights groups. The demonstrations have swept the country, morphing into one of the boldest challenges to Iran's ruling clerics since the 1979 Islamic Revolution. ![]() She was detained for allegedly violating the Islamic Republic's strict dress code for women. 16 death of 22-year-old Mahsa Amini in the custody of the country's morality police. The rial's new low comes amid protests first sparked by the Sept. Iran's currency was trading at 32,000 rials to the dollar at the time of the 2015 nuclear accord that lifted international sanctions in exchange for tight curbs on Tehran's nuclear program. Traders in Tehran exchanged the rial at 338,000 to the dollar, up from 332,200 on Monday. A stalemate in negotiations to revive Tehran's nuclear deal with world powers has also weighed heavily on the rial. Compare various denominations for the US Dollar / Iran Rial exchange rate conversion on the 17th February 2023 using the data table below. ![]() Exchanging Currency, Free App and Free Site In case you want to buy an expensive souvenir and you don’t have the whole amount, you can absolutely use DHL service to have it in your hometown and we will help you with the payment in your country. This week’s depreciation of the rial comes amid boiling tensions with the West, and as protests in Iran, that started in September last year – which Tehran accuses the West of orchestrating – have persisted.Įarlier this week, the European Parliament overwhelmingly approved a resolution that calls for designating the Islamic Revolutionary Guard Corps (IRGC) a “terrorist” organisation, and for sanctions on Supreme Leader Ayatollah Ali Khamenei, President Ebrahim Raisi and others.Iran's currency dropped to its lowest value against the dollar on Tuesday, after weeks of nationwide unrest roiling the country. You can exchange your Iranian money, Rial to Dollar and Euro and another currencies also in Iran Currency Exchange Centers at the end of your tour. To combat currency devaluation, Iran’s police force has periodically announced the arrest of dozens of currency speculators in recent months. The US dollar (USD) is the official currency of the United States and the de facto currency for international trade and a reserve currency for much of the world. but also Iran, where no one contests who the real Iranian government is. That’s a very important concept because people tend to compare this to the euro, and the euro had a very long process of getting there. The cap was introduced after the US unilaterally abandoned the 2015 Iran nuclear deal with world powers in 2018 and imposed harsh sanctions, triggering a new currency crisis in Iran. Brazil and Argentina preparing new Latin American currency to ‘reduce reliance on US dollar’. On Sunday, the central bank said it will soon raise the maximum amount of currency that can be sold to an individual annually from 2,000 euros ($2,176) to 5,000 euros ($5,439) in an apparent effort to show it has no shortage of currency. “Today the central bank faces no limitations in terms of currency and gold reserves, and the main reason behind the currency fluctuations is media hype and psychological operations in the society,” Farzin said on Saturday.Īs the rial went into another freefall on Saturday, the central bank claimed that 300 million euros ($326m) of Iran’s money in Iraq had been received, despite US sanctions, and injected into the market. ![]() His replacement, Mohammad Reza Farzin, had vowed to artificially keep the rate of the currency at 285,000 rials against the dollar for imports of essential goods in an effort to keep prices stable during a 40 percent inflation rate. On Sunday, the United States dollar went past the 450,000-rial mark for the first time on the open market.įormer Central Bank of Iran governor, Ali Salehabadi, had been sacked after a previous rapid depreciation of the rial in late December that saw it slump to more than 440,000 against the greenback at the open market. Tehran, Iran – Iran’s currency has reached an all-time record low amid increasing tensions with the West and the unrest gripping the country. ![]()
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