Iran’s Oil Revenue Slumped More Than Half

ICBPS- Iran’s oil revenue slumped by more than half in the last Iranian calendar year as the chairman of the Iran-China Chamber of Commerce, Majid Reza Hariri, stated that Iran’s oil revenue this year is “at best $5 billion.”

Iran’s Rial Hits New Low Against Dollar As Economy Reels

(Reuters) – The Iranian rial fell to a new low against the U.S. dollar on Saturday as the economy reels under pressure from the COVID-19 pandemic and U.S. sanctions.

The dollar was selling for as much as 304,300 rials on the unofficial market, up from 295,940 on Friday, according to the foreign exchange site Bonbast.com.

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