Iran’s currency slides to new low, dollar at 1.47 million rials
Iran’s rial fell to a fresh record low on Tuesday on unofficial markets, with the US dollar quoted at about 1.47 million rials as authorities seek to defuse public anger over soaring prices.
The euro was trading around 1.72 million rials and the pound at about 19.94 million rials, traders said.
The latest slide follows sharp swings since late December, when the currency’s plunge helped trigger protests in Tehran and other cities that have increasingly taken on a broader political edge.
