The Iranian currency, the “riyal,” fell to its lowest level against the US dollar in the unofficial market, after Tehran launched an attack against Israel on Saturday, April 13, by launching dozens of drones and winged missiles, in response to Israel’s bombing of the Iranian consulate in the Syrian capital, Damascus. It increased tensions in the Middle East. The Iranian rial's exchange rate was at 705,000 rials to one dollar in the open market around 10:30 a.m. Iran's local time on Sunday, according to data from foreign exchange monitoring website Bonbast, but the Iranian currency has pared some of its losses since then. The Iranian government has set an official exchange rate for the dollar at 42,000 riyals to one dollar since 2018.
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June 2024
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