Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Iran Drops Effort to Set Single Exchange Rate as Rial Sags

Iran formally opened a secondary market for hard currency Tuesday, abandoning after three months an effort to dictate a single exchange rate for the rial against the dollar as the threat of U.S. sanctions pressures the Iranian currency. The new market will cater to small exporters and importers from the private sector, the Tasnim and Fars news agencies reported. Fars said the first transaction exchanged rials for United Arab Emirates dirhams, at a rate equivalent to 75,000 rials to the...

Read complete article
© Voice of America -

Follow us on ...
Facebook Twitter