Iran's rial hits an all-time-low against the US dollar - NewsX

The open forex market in Tehran was still largely paralysed today, four days after Iran's national currency dropped more than 40 per cent prompting protests in the capital's symbolic Grand Bazaar. Most official exchange shops were open in downtown but refused to conduct any business at a rate of about 28,000 rials per dollar, set by the Central Bank yesterday in a bid to curb the currency's plunge. The main specialised websites tracking transactions on the market did not post any rates. The few transactions happening under the table, however, were in the range of 30,000 and 32,000 rials per dollar.

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