Iran in turmoil as rial goes into free fall
(WorldNews Iran)

China to rebrand in 2021 as ‘new era` dawns As the United States seeks to ramp up economic pressure on Iran via renewed economic sanctions, the nation`s already slipping currency, the rial, has gone into a virtual free fall. New reports suggest that Iran`s rial has lost at least 49% of its value so far in 2020, a devastating collapse of the local unit. As such, the rial is now effectively one of the most worthless currencies in the world, inferior even to the Iraqi dinar and Pakistani rupee. As of September 24, the rial traded on unofficial markets at 277,900 to the US greenback while the official rate was 42,276. In July, the government approved plans to remove zeroes from the currency to...