whether Washington will re-impose sanctions on the Islamic Republic, lifted as part of Irans 2015 nuclear deal with the world powers. Instead, the currency has continued to plummet, particularly after the arrival in office of US President Donald Trump, whose threats to tear up the nuclear deal have scared off many foreign investors and prevented international banks from re-engaging with Iran. Strangely, the international airports do not have currency exchange options for foreigners on the airside (at least not at Imam Khomeini International Airport. No trader issues invoices until the exchange rates are stable Mohammadreza Ziaei, a businessman who runs a trading company importing raw materials for food industry, told Al Jazeera. Some experts believe the uncertainty over the fate of the nuclear deal, known formally as the Joint Comprehensive Plan of Action, is among the reason behind the collapse of the rial. Meanwhile, Hesamodin Ashna, a senior adviser to Iran's President Hassan Rouhani, said in a vaguely written tweet on Sunday, that the rials fall was a new crisis which was similar to the one created in December. Iran will enforce a 42,000-rial exchange rate for the US dollar as of Tuesday, in a move expected to end a currency crisis that has angered Iranians. "It's the government which is partly responsible for the rise in the dollar a currency trader told AFP, asking not to be named. Chaos, disappointment, on Sunday afternoon, the majority of exchange offices in Tehran's Ferdosi St, where many registered and unregistered currency traders do business, refused to trade the major global currencies, waiting for the markets to stabilise. "The market's reaction to such circumstances is a complete stop. "I would pay up to 55,000 rials for each dollar, because I have customers waiting for it he said as markets prepared to close on Sunday afternoon.
Where to sell Iranian Rial?
The fees for money transferring depends on a method and the exchange you choose. "Raw materials are often sold on two-month credit. "Most of these offices have stopped working. Tehran and once you cross, you cannot come back. Are you still in, iran? After the rial's slide, the products I sold two months ago, not only fails to yield a 10 percent profit I expected, but I incur damage.". Re: Where to sell Iranian Rial?