After New Sanctions Iranian Rial Falls Further Against the USD
EU sanctions on the Iranian economy yesterday forced an imediate reaction on the currency markets. The Rial, official currency of the Iranian people has now fallen by over 71% against the USD since September last year. Senior US Treasury Department statement dedicated this directly to the measures imposed by the U.S. and international partners on the Tehran leadership. After yesterday's new Oil sanctions, the Rial fell back a further 10% and met its new record levels.
The EU officially passed new s... ( read more )






