Tag: 1 USD vs Iranian Rial

Iran – Central Bank to Launch Official Currency Market in Turn Boost Steel Exports

Nov 20, 2018

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by

Sayed Aameer

in Billet

With the recent imposition of US sanctions against Iran, the Iranian economy has affected badly. Since Aug’18, when the first sanctions were imposed, the local Iranian currency has started depreciating. During Apr’18, Rials were traded at around 47,000 against 1 USD but post sanctions the price of 1 USD reached almost up to IRR 160,000.…