
Iran Focus
London, 27 Apr – A number of reports this week have suggested that the economic crisis in the Islamic Republic of Iran is very much ongoing, in spite of the government’s effort to restrict foreign currency exchanges and otherwise interrupt the collapse in the value of the rial.
Earlier this month, the Iranian national currency fell to an exchange rate of more than 60,000 rials to the dollar, representing about half the value it had maintained last September. The government subsequently set an artificial rate of 42,000 rials to the dollar and banned currency traders from altering it. But EA Worldview reported on Tuesday that such stopgap measures had failed, with a number of exchanges opting to close down instead of adhering to the artificial rate.





