Iran's central bank attempts to brake the plummeting currency, setting a ceiling of 14K on the...

|By:, SA News Editor

Iran's central bank attempts to brake the plummeting currency, setting a ceiling of 14K on the number of rials needed to buy a dollar, and halving to $1K the amount of greenbacks Iranians flying abroad can purchase. Several currency traders in Tehran have shuttered their business, refusing to trade at that price. Before the move, one dollar bought 17.8K rials.