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.
"For Telegram, accountability has always been a problem, which is why it was so popular even before the full-scale war with far-right extremists and terrorists from all over the world," she told AFP from her safe house outside the Ukrainian capital. The Security Service of Ukraine said in a tweet that it was able to effectively target Russian convoys near Kyiv because of messages sent to an official Telegram bot account called "STOP Russian War." Lastly, the web previews of t.me links have been given a new look, adding chat backgrounds and design elements from the fully-features Telegram Web client. In 2014, Pavel Durov fled the country after allies of the Kremlin took control of the social networking site most know just as VK. Russia's intelligence agency had asked Durov to turn over the data of anti-Kremlin protesters. Durov refused to do so. Russian President Vladimir Putin launched Russia's invasion of Ukraine in the early-morning hours of February 24, targeting several key cities with military strikes.
from sg
