New U.S. sanctions against Iran, including a ban on gold trading,
came in force today. Reacting to the new sanctions, the rial retreated against
the dollar in Iran’s open currency markets. On Monday, the currency was traded
at 34,000 rials for one dollar. In the days after Rouhani’s victory, the rial
had regained some of its lost value, trading as low as 28,000 rials a dollar.
Because of earlier sanctions on banking sector and financial transactions, Iran is increasingly trading its oil for gold with countries like Turkey, and the new ban on gold trading is meant to stop Iran from circumventing those sanctions.
34,000 rial = 1 $ is not a bad value.
ReplyDeleteLol. Only an iranian whose mind is incapable of telling the difference between truth and lie could say that 350% devaluation in two years is not bad.
DeleteIranian culture is basically a culture of lying.
But I'm glad Obama responded to the election charade with a nice smack across the mouth I.e. a new sanction.
Talking of a culture of lying, how much is hasbara paying you to shill for them?
DeleteLying IS zionist culture.
Jewish poster out of iranian forum, they can contribute nothing als hatert.
DeleteWhat did I say last week that the rial will lose value again?
ReplyDeleteCurrency falls, Currency raise
DeleteShaRE RAISE ; SHAre fall.
the actual RiaL VALUE IS FAR FROM ITS HISTRICAL DEEPPOINT AND MATCHING THE REAL VALUE: