Iran’s Central Bank plans to sell foreign currencies next week in an effort to stabilize the rial, which has been losing value against the US dollar and other major currencies.
According to the Tasnim news website, affiliated with the Revolutionary Guard, the bank will inject 1.5 billion UAE dirhams and 300 million US dollars in cash into Tehran’s free exchange market.
The rial has depreciated by over 25% since September, driven by regional conflicts and Iran’s setbacks in Syria and Lebanon. On Thursday, the rial traded at nearly 770,000 per US dollar, a sharp drop from around 600,000 in September.
Since the establishment of the Islamic government in 1979, the Iranian currency has experienced an 11,000-fold decline in value.
Iran’s Central Bank plans to sell foreign currencies next week in an effort to stabilize the rial, which has been losing value against the US dollar and other major currencies.
According to the Tasnim news website, affiliated with the Revolutionary Guard, the bank will inject 1.5 billion UAE dirhams and 300 million US dollars in cash into Tehran’s free exchange market.
The rial has depreciated by over 25% since September, driven by regional conflicts and Iran’s setbacks in Syria and Lebanon. On Thursday, the rial traded at nearly 770,000 per US dollar, a sharp drop from around 600,000 in September.
Since the establishment of the Islamic government in 1979, the Iranian currency has experienced an 11,000-fold decline in value.
"He has kind of an old-school cyber-libertarian world view where technology is there to set you free," Maréchal said. Since its launch in 2013, Telegram has grown from a simple messaging app to a broadcast network. Its user base isn’t as vast as WhatsApp’s, and its broadcast platform is a fraction the size of Twitter, but it’s nonetheless showing its use. While Telegram has been embroiled in controversy for much of its life, it has become a vital source of communication during the invasion of Ukraine. But, if all of this is new to you, let us explain, dear friends, what on Earth a Telegram is meant to be, and why you should, or should not, need to care. Anastasia Vlasova/Getty Images Telegram boasts 500 million users, who share information individually and in groups in relative security. But Telegram's use as a one-way broadcast channel — which followers can join but not reply to — means content from inauthentic accounts can easily reach large, captive and eager audiences. "We as Ukrainians believe that the truth is on our side, whether it's truth that you're proclaiming about the war and everything else, why would you want to hide it?," he said.
from fr
