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Saturday, October 19, 2019

Tag: RIAL

RTS will go ahead, says Dr M

Malaysia and Singapore had agreed to suspend the project in May.

Don’t look now Donald Trump, Iran’s currency is soaring

The rial is soaring on the country’s parallel market, gaining 8% against the dollar this week alone to extend its advance since early May to 30%.

“My life is being destroyed”: Iranians react to sanctions return

Much of the damage was done when US President Donald Trump's aggressive rhetoric spooked investors and triggered a run on the rial.

Iran eases currency rules, hoping to buoy rial ahead of sanctions

The currency plunge and soaring inflation have sparked sporadic demonstrations against profiteering and corruption, with many protesters chanting anti-government slogans.

Iran seen readying major exercise as tensions with US simmer

The US military confirmed it has seen an increase in Iranian activity, including in the Strait of Hormuz, a strategic waterway for oil shipments that Iran's Revolutionary Guards have threatened to block.

Iran’s policy to stem currency decline backfires

Rouhani’s political standing has become more precarious over the unravelling of the nuclear accord he championed.

Iran rial plunges to new lows as US sanctions loom

The dollar was being offered for as much as 87,000 rials.

Iran tries to unify currency to halt rial’s record slump

The government will sell the US dollar at a rate of 42,000 rials to all individuals and businesses.

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