The Iranian rial plummeted to a record low against the dollar on Wednesday, according to currency-tracking websites, as a US naval blockade of the country’s ports continued.
On the black market, the rial was trading at around 1.80 million rials against the dollar, the Bonbast and AlanChand websites reported. When the war erupted two months ago, one dollar was traded at about 1.70 million rials.
Iran officially has several fixed exchange rates, but the two websites are generally used as benchmarks for unofficial rates.
Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.
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Source: Insider Paper
