Iran to create secondary currency market by next week

Iran will set up a secondary currency market by the next week, Central Bank of Iran (CBI) Governor Valiollah Seif announced on Monday. The decision was made as the Iranian rial plunged to a record low against the U.S. dollar in the unofficial market on Sunday.

Check Also

Another Hormuz? What to Know About the Houthi Threat to the Red Sea

The Yemen-based Houthis’ naval blockade of Saudi Arabia and capture of additional territory near the …