Sunday, March 26, 2023
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
Burj News
  • Home
  • Latest
  • World
    • Asia
    • Europe
    • Africa
    • America
  • Pakistan
    • National
  • News
  • Politics
  • Business
  • Sports
    • Cricket
  • Entertainment
  • Blogs
    • Culture
    • Opinion
    • Lifestyle
  • Urdu
No Result
View All Result
Burj News
  • Home
  • Latest
  • World
    • Asia
    • Europe
    • Africa
    • America
  • Pakistan
    • National
  • News
  • Politics
  • Business
  • Sports
    • Cricket
  • Entertainment
  • Blogs
    • Culture
    • Opinion
    • Lifestyle
  • Urdu
No Result
View All Result
Burj News
No Result
View All Result
Home World

Iran Currency Falls at its low against US Dollar

Web Desk by Web Desk
February 27, 2023
in World, Business
0
Iran’s currency Rial fell to a record low against the US Dollar

Iran’s currency Rial fell to a record low against the US Dollar

494
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Iran’s currency Rial fell to a record low against the US dollar.

According to the Foreign Exchange site, The U.S. Dollar was fetching as much as 601,500 rials on Iran’s unofficial market on Sunday, compared with 575,000 on the previous day and 540,000 on Friday.

Related posts

Russia warns NATO over its military support for Ukraine

Russia warns NATO over its military support for Ukraine

March 26, 2023
Moment of Pride for the Nation as Fouzia Younis becomes the first Muslim woman to lead the UK Diplomat Mission

Moment of Pride for the Nation as Fouzia Younis becomes the first Muslim woman to lead the UK Diplomat Mission

March 25, 2023

Also Read: Eagle 44: Iran Air force reveals an underground Jet Fighters Airbase

Iranian authorities have blamed the currency’s fall on “the enemies’ plot” to destabilize the Islamic Republic after months of unrest sparked by the death in custody of a young woman on Sept. 16.

The rial has lost nearly half of its value since the start of nationwide protests, the boldest challenge to theocratic rule since the 1979 Islamic Revolution.

With protests in Iran persisting, demonstrations in other parts of the country have waned in the past few weeks.

Facing an inflation rate of about 50%, Iranians seeking safe havens for their savings have been buying dollars, other hard currencies or gold, suggesting further headwinds for the rial.

The reimposition of U.S. sanctions in 2018 by former President Donald J. Trump has harmed Iran’s economy by limiting Tehran’s oil exports and access to foreign currency.

Iran denies supplying drones to Russia for use in the Ukraine war.

The decreasing likelihood of salvaging Tehran’s 2015 nuclear pact with world powers amid stalled talks since last year could also mean that crippling economic sanctions re-imposed by Washington when it ditched the pact in 2018 will continue to weigh on Iran’s economy.

Faced with the prospect of further economic hardship, Iranians have been turning to dollars and other hard currencies or gold to protect their savings amid an inflation above %53 and rising prices.

To calm the market and ease demand for dollars, the central bank on Saturday lifted a ban on private exchange shops selling hard currencies.

Tags: burj newsIranIran Currencyiran govermentUS Dollar
Previous Post

Tea was Fantastic Sir: Pakistan Marks the 4th Anniversary of Operation Swift Retort

Next Post

Did Model Abeer Rizvi Posted Picture with her husband?

Next Post
Is model Abeer Rizvi married?

Did Model Abeer Rizvi Posted Picture with her husband?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Process for appointing new Army Chief and Chairman Joint Chiefs of Staff has begun - Defence Minister

Process for appointing new Army Chief and Chairman Joint Chiefs of Staff has begun – Defence Minister

4 months ago
Australian Government imposes sanctions on Iran & Russia over human rights violation

Australian Government imposes sanctions on Iran & Russia over human rights violation

4 months ago
Federal Government going to take action against 'facilitators' of Farah Gogi involved in the Toshakhana case

Federal Government going to take action against ‘facilitators’ of Farah Gogi involved in the Toshakhana case

4 months ago
If you have any Dua Let me know because Allah Listen to My All Prayers - Rabi Pirzada

If you have any Dua Let me know because Allah Listen to My All Prayers – Rabi Pirzada

3 months ago

BROWSE BY CATEGORIES

  • America
  • Asia
  • Blogs
  • Business
  • Cricket
  • Culture
  • Education
  • Entertainment
  • Europe
  • Health
  • Latest
  • Lifestyle
  • National
  • News
  • Opinion
  • Pakistan
  • Politics
  • Science
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

POPULAR NEWS

  • Dani Daniels respond to Twitter after Bazid Khan mistakenly called her during the live cricket match

    Dani Daniels respond to Twitter after Bazid Khan mistakenly called her during the live cricket match

    1618 shares
    Share 647 Tweet 405
  • Punjab Government likely to extend School’s winter vacations for one more week

    796 shares
    Share 318 Tweet 199
  • Actor Feroze Khan files Defamation case against ten leading celebrities of Pakistan

    746 shares
    Share 298 Tweet 187
  • Actress Sajal Aly responds to Social media rumors alleged by Maj (r) Adil Raja

    631 shares
    Share 252 Tweet 158
  • People Shocked after hearing that 14 Million Pakistani will Get Visa Easily!

    607 shares
    Share 243 Tweet 152
Logo-2

Burj News is the 21st Century Most Popular Internet News , Which Provide you the Most Authentic and Viral And Reliable News.

Follow us on social media:

Recent News

  • Elon Musk 2.0 spotted while buying fruits in Pakistan
  • NASA’s Hubble Telescope Captures the image of Galactic Jellyfish in Space
  • Russia warns NATO over its military support for Ukraine

Category

  • America
  • Asia
  • Blogs
  • Business
  • Cricket
  • Culture
  • Education
  • Entertainment
  • Europe
  • Health
  • Latest
  • Lifestyle
  • National
  • News
  • Opinion
  • Pakistan
  • Politics
  • Science
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Contact

Office 4026
182-184 High Street North
East Ham , London , UK

Phone: +447418 344879

Office No 27 Satellite Town Quetta,
Quetta, Balochistan, Pakistan
Phone: 0812441251

Email: info@burjnews.com

  • About Us
  • Corrections Policy
  • People
  • Ethics Policy
  • Fact-Checking Policy
  • Ownership & Funding Info

© 2022 Burj News - All Right Reserved

No Result
View All Result
  • Home
  • Latest
  • World
    • Asia
    • Europe
    • Africa
    • America
  • Pakistan
    • National
  • News
  • Politics
  • Business
  • Sports
    • Cricket
  • Entertainment
  • Blogs
    • Culture
    • Opinion
    • Lifestyle
  • Urdu

© 2022 Burj News - All Right Reserved