Iranian rial at new low, as central bank sells dollars to support currency

Iranian rial at new low, as central bank sells dollars to support currency

Arab News Oct 03, 2026 Iranian rial at new low, as central bank sells dollars to support currency

DUBAI: Iran’s ‌rial continued its decline on Saturday, as the central bank announced an injection of up to $2 ​billion to support the currency while the economy faces US sanctions and a naval blockade. The US dollar was sold around 2.688 million rials, up from 2.632 million on Friday, according to free-market tracking website bon-bast.com, ‌while alanchand.com ‌reported 2.695 million rials ​per ‌dollar. State ⁠television said ​state banks ⁠began selling up to $2 billion to support the currency,

Source: Arab News

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Arab News
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October 03, 2026 - 11:56 PM
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Iranian rial at new low, as central bank sells dollars to support currency

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Economy Technology Politics

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