The proposal had been doing rounds since 2008 but the pitch became stronger after
rial lost more than 50 percent of its value last year following the U.S.
Fifth issue : Banknotes issued 50
rials, 20
rials, 10
rials and 5
rials, issued before November 1, 1995, which do not have the shiny holographic security strip on their front side will not be legal tender.
The reason for the strengthening
rial is not entirely clear.
He added buying of Iranian
rial fell significantly in the Pakistani market after US's decision to exit the nuclear deal and the restoration of sanctions, said Paracha.
Since January 2012, the Iranian government had maintained a subsidized rate of 12,260
rials to the dollar; this rate was meant to be used principally to import the most vital goods, such as food and medicine.
Iran's currency market has effectively been frozen since October 3, when protests erupted in central Teheran over the sliding
rial.
($1 = 215 Yemeni
rials) (Reporting by Josef Logan; Editing by Martin Dokoupil)
Le site specialise Mesghal.ir a annonce que le
rial avait repris mercredi 21% face au dollar passant a 14.000
rials pour un dollar, meme si les agents de change et les medias donnaient des chiffres differents.
The official exchange rate was 10,570
rials per U.S.
According to Newkirk,
Rial's mistake wasn't a technical failure but a personal one, an "error in judgment." Newkirk said the station is dealing with the issue; but would not confirm word that
Rial was fired.
In the next month, the
rial regained almost all it had lost and was selling for 131,500 to the dollar on June 11.
Bank Muscat's profit in the same period last year was hampered by a 15m
rial provision that it took after being caught up in one of the biggest-ever cyber fraud cases.
Now many of those houses have stopped doing
rial business as well.
This month, the Iranian
Rial, at unofficial rates, plunged almost 30% to a record low against the US dollar amid concerns over the impact of international sanctions and speculation that the government is devaluing the
Rial to help narrow a massive budget deficit.
While domestic currency denominated savings deposits (down 0.1 per cent y/y to 118 billion
rials) failed to benefit from renewed confidence in the
rial, time deposits grew 6 per cent y/y to 452.5 billion
rials.
