The Pipa News
Tehran: Iran’s currency has fallen to an all-time low against the dollar, making one dollar more expensive than millions of riyals on the free market.
According to foreign media, Iran is now facing the threat of further sanctions from the European Union, which has plunged the Iranian currency to an all-time low against the dollar.
Media reports reported that on Saturday, amid fears of new sanctions imposed on Iran’s Revolutionary Guards, the Iranian rial market weakened further, with one US dollar rising to 447,000. open market.
According to media reports, the European Union is considering imposing further sanctions on Iran, which this time may also cover the Iranian Revolutionary Guards, while some members of the European Union want to classify the Iranian Revolutionary Guards as a terrorist organization.
According to media reports, the US dollar reached 447,000 riyals on the open market on Saturday, while last week the price of one dollar was 430,500 riyals.
According to media reports, the value of the rial has fallen by 29% since the protests in Iran.
In a statement released on Saturday by the governor of the Iranian Central Bank, it said that the collapse of the Iranian rial is the result of a psychological operation against it, hostile regimes are creating instability in Iran.
