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TEHERN (AP) The price is currently trading at $ 112,000 for a dollar, compared to $ 98,000 for a dollar on Saturday. The official rate is $ 44,070 per dollar, compared to $ 35,186 per dollar on January 1.
The rial has been declining for years but the rate has accelerated since the US announced in May that they would abandon the nuclear deal. The sanctions should start to be applied from next month.
Last week, the government replaced the director of the central bank, Valiollah Seif, whose policies also consider responsible for each rial. In addition, regulations relating to the entry of foreign currency have been relaxed in order to combat the activity on the black market.
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