Monday, September 25, 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

Russian President Putin vows to take strict action against ‘Armed mutiny’ after Wagner Group launches Rebels

Russian President Putin vows to take strict action against ‘Armed mutiny’ after Wagner Group launches Rebels

June 24, 2023
Pakistan reaches close to unlock the Bail out deal with IMF

Pakistan reaches close to unlock the Bail out deal with IMF

June 24, 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

US Wants Strong Economic & Trade Relations with Pakistan

US Wants Strong Economic & Trade Relations with Pakistan – US Spokesperson Ned Price

7 months ago
ECP challenges the Supreme Court verdict on holding Punjab Polls by 14th May

ECP challenges the Supreme Court verdict claiming that Judiciary have no Right to fix the Elections date

5 months ago
Election Commission once again delayed Punjab Polls till 8th October

Election Commission once again delayed Punjab Polls till 8th October

6 months ago
Prime Minister Shehbaz Sharif announces Youth Business & Agricultural Loan Schemes

Prime Minister Shehbaz Sharif announces Youth Business & Agricultural Loan Schemes

8 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
  • Weather
  • World

POPULAR NEWS

  • Cristiano Ronaldo's Children beaten by School Mates in Saudi Arabia

    Cristiano Ronaldo’s Children beaten by School Mates in Saudi Arabia

    12020 shares
    Share 4808 Tweet 3005
  • Dani Daniels respond to Twitter after Bazid Khan mistakenly called her during the live cricket match

    1643 shares
    Share 657 Tweet 411
  • Punjab Government likely to extend School’s winter vacations for one more week

    797 shares
    Share 319 Tweet 199
  • Actor Feroze Khan files Defamation case against ten leading celebrities of Pakistan

    754 shares
    Share 302 Tweet 189
  • Actress Sajal Aly responds to Social media rumors alleged by Maj (r) Adil Raja

    634 shares
    Share 254 Tweet 159
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

  • Met department issued Alert amid Pre-monsoon Rains
  • Gentleman Cadet Omar Mustafa from PMA 149 Long Course Embraced Shahadat during Military Training
  • Russian President Putin vows to take strict action against ‘Armed mutiny’ after Wagner Group launches Rebels

Category

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