Iran Blames Enemies for Currency Chaos as People Line Up for Dollars
President Rouhani had stabilized currency in his fist term/ With a plane ticket booked, graphic designer Najmeh Mohammadi headed to the currency traders on Tehran’s Manouchehri Street at 6 a.m. on Tuesday for the dollars she needed for her overseas travel. By midday, she was still waiting -- and ...
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String 'Em Up: Iranian Cleric Wants Money Changers Executed Amid Currency Crisis
line Iranian cleric has called for the execution of "several key money changers" to help end the country's currency crisis. Iran's rial hit a record low earlier this week, losing 35 percent of its value against the dollar amid fears of U.S. actions that could cripple Iran's economy. The currency ...
Iran's Currency Hits Record Low; Police Target Illicit Trading
Iranian authorities have arrested 12 foreign exchange traders accused of illicit dealings, in the government's latest response to the plunging value of the national currency against the dollar. In a report published Wednesday, state news agency ISNA quoted Tehran's police chief, Hosein Rahimias, ...
Iran to switch to Euro as official reporting currency
Iran has unveiled a plan to switch from the US dollar to Euro as its official reporting foreign currency in an effort which could be meant to reign in the rate of the greenback that hit multiple records against the Rial earlier this week. Valiollah Seif, the governor of the Central Bank of Iran ...
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