Tuesday, 7 August 2018

Iran money changers reopen after 5-month absence amid crisis

Iran money changers reopen after 5-month absence amid crisis:

Money exchange shops across Iran have cautiously reopened after being shut for five months amid economic turmoil fanned by America’s withdraw from the nuclear deal.

Shops opened their doors on Tuesday in Tehran, though some displayed no exchange rates late into the morning.

Two traders told The Associated Press initial rates likely would be around 93,000 rials to the dollar, down from 98,000 to $1 on the black market the night before. The two spoke on condition of anonymity as they were not authorized to talk to reporters.

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