BAKU, Azerbaijan, February 9. The exchange rate for one US dollar in Iran's black market reached 896,000 rials on February 9, indicating a continued depreciation of the country's currency, Trend reports via Iranian media.
This follows a decrease observed the previous day when the exchange rate was 869,000 rials for one US dollar.
At present, the value of one euro is 926,000 rials, whereas the previous day it stood at 897,000 rials.
This sharp decline in currency value reflects the challenging economic situation in Iran, exacerbated by US and Western sanctions, inflation, and various other issues.
Based on the official exchange rate announced by the Central Bank of Iran, one US dollar is valued at 570,000 rials, while one euro is worth 589,000 rials.
