Iran’s Currency Hits a Record Low Iran’s currency dropped to an all-time low of 613,500 to the dollar amid the Persian New Year celebrations. The scarcity of open exchange shops during the Nowruz holiday, which spans from March 20 to April 2, exacerbated the situation. High demand for foreign currency, particularly dollars and Euros, due to holiday travel, coupled with limited access to exchange services, significantly influenced the currency’s valuation. This event reflects broader economic pressures and the impact of seasonal factors on Iran’s financial stability. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Barr: Disappointing Inflation Data Delays Rate Cuts READ MORE CEOs Identify National Debt as Foremost Threat Amid Global Uncertainties READ MORE Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle READ MORE Inflation Shows Signs of Cooling Off, But Concerns Remain High READ MORE Why a Powerful Silver Bull Market May Be Ahead READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment