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  • 06-07-20

    Iran's currency contacts low down once more

    (MENAFN) There is a blatant buzz at Ferdowsi Square, one of the crowded intersections in the Iranian capital and the center of foreign exchange market, these days, yet, not a lot of joyful faces can be seen.

    Rial the Iranian currency persists to misplace its worth in opposition to the United States dollar, moving a record low down every day, the collision of Coronavirus can be clearly seen on the financial market.

    On Sunday July 5 the rial was trading at 217,000 (buy) and 218,000 (sell) on the private market, punctuating many money exchange shops to downward their shutters.

    The rial has continued to slide in the past two weeks, falling from 171,000 to 217,000, the pointed plunge in its worth comes as the country fights the new rush in the pandemic.

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