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The Iranian currency hit an all-time low, with one dollar hitting millions of rials -HP NEWS


Iran’s rial has depreciated by 29 percent since the protests: media reports/file photo

Tehran: Iran’s currency fell to the lowest level in history against the dollar, due to which one dollar went up to millions of Rials in the open market.

According to foreign media, Iran is facing the fear of more sanctions from the European Union these days, due to which Iran’s currency has fallen to the lowest level in history compared to the dollar.

It has been stated in the media reports that on Saturday, in view of the fear of new sanctions on the Iranian Revolutionary Guards, there was a further impact on the Iranian Rial in the market, and one US dollar went up to 447,000 Rials in the open market.

According to media reports, the European Union is considering imposing more sanctions on Iran, which this time may also include the Iranian Revolutionary Guards, while some members of the European Union want to declare the Iranian Revolutionary Guards as a terrorist organization.

According to media reports, the US dollar reached 447,000 Rials in the open market on Saturday, while the price of one dollar was 430,500 Rials last week.

According to media reports, since the protests in Iran, the value of the rial has decreased by 29%.

In a statement issued by the Governor of the Iranian Central Bank on Saturday, it was said that the fall of the Iranian Rial is the result of a psychological operation against it, the regimes of hostile countries are creating instability in Iran.

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