Iran currency

Middle East | News

Six charts that show how hard US sanctions have hit Iran
ByMichael Armstrong December 28, 2019December 28, 2019

The value of Iran’s currency hit record lows as a result of the US sanctions – AFP The United States reinstated economic sanctions on Iran after President Donald Trump abandoned a landmark nuclear deal in May 2018. Mr. Trump says he wants to apply “maximum pressure” on the government in Tehran to compel it to…

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Middle East | News

Iran’s currency plunges to record low as US sanctions loom
ByMichael Armstrong July 29, 2018July 31, 2018

Rial has lost half its value since April amid weak economy and big demand for dollars by Iranians fearful of sanctions. The probable return of US sanctions has triggered a rapid fall of Iran’s currency [Vahid Salemi/AP Photo] Iran’s currency has plunged to another record low, dropping past 100,000 rials to the US dollar, as…

Read More Iran’s currency plunges to record low as US sanctions loom