Iran unifies free market, official currency exchange rates
President Eshaq Jahangiri has announced the government's decision to unify the country’s official and open market exchange rates, local media outlets reported. Jahangiri, after an emergency cabinet meeting, appeared on TV to announce that from Tuesday the price of the US dollar would be 42,000 rials in both markets, and for all business activities. The decision was made following recent fluctuations in the country as the national currency, the rial, declined to an all-time low and fell to 6,460 by afternoon on the unregulated currency ...
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