Iranian Rial in Free Fall Against USD, Central Bank Governor Replaced

Posted on 07/29/2018

On July 29, 2018, the Iranian rial hit a record low of 102,000 rials to the U.S. dollar. In just four months, the rial lost around 50% of its value against the U.S. dollar, cutting through the 50,000-mark for the first time in March 2018. The United States is planning to reimpose its full scope […]