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 to start being more proactive and to find a real solution to this situation, not stay in standby without interfering. It's a very irresponsible position from the owner of Telegram," she said. The fake Zelenskiy account reached 20,000 followers on Telegram before it was shut down, a remedial action that experts say is all too rare. Given the pro-privacy stance of the platform, it’s taken as a given that it’ll be used for a number of reasons, not all of them good. And Telegram has been attached to a fair few scandals related to terrorism, sexual exploitation and crime. Back in 2015, Vox described Telegram as “ISIS’ app of choice,” saying that the platform’s real use is the ability to use channels to distribute material to large groups at once. Telegram has acted to remove public channels affiliated with terrorism, but Pavel Durov reiterated that he had no business snooping on private conversations. Since January 2022, the SC has received a total of 47 complaints and enquiries on illegal investment schemes promoted through Telegram. These fraudulent schemes offer non-existent investment opportunities, promising very attractive and risk-free returns within a short span of time. They commonly offer unrealistic returns of as high as 1,000% within 24 hours or even within a few hours. Now safely in France with his spouse and three of his children, Kliuchnikov scrolls through Telegram to learn about the devastation happening in his home country.
from ms
