MoneyNewsPolitics

Iran is trying to stop the collapse of its currency

IRAN (OBSERVATORY) –┬áIran’s central bank has taken steps to try to stop the fall in the value of the Iranian riyal.

The bank issued a resolution allowing Iranians to keep only 10,000 euros or the equivalent of hard currency.

The currency exchange offices are experiencing a huge turnout by Iranians to buy foreign currencies and get rid of the riyal, which is equivalent to a dollar of 42 thousand.

One of the reasons for the devaluation of the Iranian currency is fears of the collapse of the nuclear deal promised by US President Donald Trump to give up.