USD, other currencies climb in Iran forex markets

USD, other currencies climb in Iran forex markets

US dollar, euro and sterling prices have risen against the Iranian rial (IRR) on March 14, as talks over the nuclear deal hang by a thread due to disagreements from foreign countries.

Central Bank of Iran (CBI) forex rates continue to be significantly lower, to all but a few organisations who can access that favoured price, you might as well ignore it. For most people, the so-called “street rate” is the one you need to follow from websites like Bonbast.com.

Prices for March 14 below written in Toman (Iran’s defacto unofficial currency) (1 toman = 10 IRR).

Former CBI governor Abdolnasser Hemmati made the redenomination of the IRR and switchover from the rial to the “Toman” the signature proposal of his tenure at the central bank of Iran, given that soaring inflation over the 41 years of the existence of the Islamic Republic

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