The recent flurry of sanctions against Iran, and the targeting of Iran's Central Bank by U.S. and European allies, are being mentioned as the factors negatively impacting Iran's currency.
The graph below shows rial to dollar exchange rate during the December 21-26 period rate.
As the below graph shows, the price of Iran's "Bahar Azadi" gold coin has been taking a similar ride to that of rial's.
Source: Mehr News Agency
In 1979, 1 rial equaled $0.0141. The value of Iran's currency declined precipitously after the Islamic revolution because of capital flight from the country. In July 1999, 9430 rials amounted to one dollar. However, the value of the rial had become more stable since 1999, as the economy of Iran was growing rapidly and away from the dollar zone.
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