Shafaq News / The Iranian riyal fell to a new low, as it registered a new record of 235,500 riyals per dollar, according to bombast.com website that tracks unofficial currency prices, while the official site of the Central Bank shows a rate of 42,000 riyals per dollar.

Tehran faces a decrease in its foreign exchange reserves, and the International Monetary Fund expected that it would drop to 85 billion dollars this year, with a decrease of 19.4 billion dollars. The IMF also expected the reserves to reach 69 billion dollars next year, with an additional 16% drop.

Iran is living in deteriorating economic conditions, as a result of the US sanctions and the spread of Covid-19.