Tag: New USD Exchange Rule in Iran

Iranian Billet Market under Immense Pressure of USD Exchange Rule

Apr 20, 2018

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by

Sayed Aameer

in Billet

Iran, one of the largest billet manufacture in MENA region has recently enforced a single exchange rate to the USD, banning all unregulated trading after IRR hit an all-time low of Rials 62000 /1USD, now official rate is IRR 42000 / 1 USD. By considering the exchange rate of 1 USD as IRR 42,000, On…