Iran currency tumbles to new record low
The Iranian currency has tumbled in blackmarket trading to a new record low against the dollar, news agencies said, as the EU moved to impose an oil embargo and fresh sanctions on Tehran.
This has also result in shortage of foreign currencies and accordingly Iranian Rial has lost its value against other currencies including but not limited to US Dollar, Euro, GBP and etc. At these hard conditions the Iranian government urged the local exporters to spend their foreign currencies inside the country to address this fatal problem.