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FILE PHOTO: Iranian rial currency notes are seen at a market in the holy Shi'ite city of Najaf, Iraq September 22, 2019. REUTERS/Alaa al-Marjani - RC1A4B48AE60/File Photo
FILE PHOTO: Iranian rial currency notes are seen at a market in the holy Shi'ite city of Najaf

Reuters

  • Iran will limit the purchase of euros to 500 a year for air passengers.
  • Previously, Iranians were able to buy up to 5,000 euros per year from authorized sellers.
  • This comes after the currency plummeted on Monday to over 500,000 against the US dollar.

The Central Bank of Iran on Tuesday sharply curtailed the ability to buy euros amid continued weakness in the rial.

Tags
Markets, MI Exclusive, iran rial, Iran, Currency Exchange, Sanctions
Source
Iran rations euros as fights break out at foreign-exchange offices amid rial's …