Central Bank chief, however, says the country’s economy can cope with the added pressure. FMTNews IranRial USDollar
DUBAI: The Iranian rial fell to its lowest ever rate against the US dollar on the unofficial market on Saturday, a day after Tehran’s rebuke by the UN nuclear watchdog increased the pressure from US sanctions and the coronavirus outbreak.
The International Atomic Energy Agency’s 35-nation Board of Governors called on Iran on Friday to stop denying it access to two suspected former nuclear sites, raising diplomatic pressure on Tehran. A drop in oil prices and a slump in the global economy have deepened the economic crisis in the country, one of worst-hit by the coronavirus pandemic in the Middle East.
“The circumstances created by corona, the temporary pressure on the foreign exchange market …and the psychological atmosphere caused by the resolution of the IAEA Board of Governors should not give the wrong signal,” Hemmati said in an Instagram posting.
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