The Iranian rial has witnessed a 94% decline in the last decade as the economy plunges further into darkness, according to recent reports. In research by The Economist, it ...
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Central Bank of Iran – Involved In
Iran’s Currency Falls to Record Low as Sanctions to Continue
Iran's troubled currency broke below the psychologically key level of 500,000 rial per U.S. dollar on Monday, as market participants saw no end in sight to sanctions.
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Mohammad Reza Farzin, Head of the Central Bank
A part of the recorded conversation of Mohammad Reza Farzin, the head of the central bank, with Dr. Mohammad Mokhbar, the first vice president, came to us, which we ...
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US exporter jailed for illegally supplying Iran bank with cybersecurity tools
A dual US and Iran citizen has been sentenced to two-and-a-half years for conspiring to export cutting-edge cybersecurity software to the blacklisted state to help its central banking system ...
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U.S. Citizen Sentenced for Conspiring to Provide Electronic Equipment to Iran
Earlier today in federal court in Brooklyn, New York, Kambiz Attar Kashani, 44, a dual citizen of the United States and Iran, was sentenced to 30 months in prison ...
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Iran Currency’s Value Plunges
Iran’s national currency rapidly plunges, now reaching an all-time low rate of 410,000 rials versus a US dollar. The Rial’s freefall indicates a catastrophic economic crisis in Iran and ...
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