19.03.2012 - Iran ups currency exchange rate to reflect street
Iran's Central Bank is moving to bring its part of its official foreign currency exchange rate into line with the much higher rate on the streets. The bank announced Sunday that it would allow authorized money changers to trade dollars at 19,000 rials per dollar, while the official rate remains at 12,260. The Iranian currency has lost much of its value because of Western sanctions over Iran's nuclear development program...............................................Full Article: Source
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