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FinancialNews
11-12-19
Economic, political factors lead to instability in Iran's currency market
(MENAFN) According to Financial Tribune daily, the governor of Central Bank of Iran (CBI) said that, many economic and political factors caused the current instability in Iran's currency market.
Abdolnasser Hemmati informed that, currency prices began increasing in mid-November amid heightened uncertainty about Iran's economy.
The USD was traded for 137,000 Iranian rials in the street market in the capital Tehran on Monday, showing a 16-percent increase in the worth of the dollar next to rial from mid-October.
The gasoline rationing scheme in mid-November began the first spark in the currency price increase which was afterward a wave of social unrest and violence across the country, as said by Hemmati.
MENAFN1112201900450000ID1099404412
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