IRR (Irianian Rial) in comparison to the USD (IRR/USD)

Current problem of the Iranian economy is unstable exchange rate of Iranian currency Rial (IRR) to the US dollar (USD). Exchange rate was maintained at about 10-12 thousand IRR for 1 USD. However, the impact of sanctions depreciated Rial dramatically. In July 2013, the price of IRR has been reduced from 12 200 to 24 980 IRR/USD. At the same time, the market rate stood at 26 500 IRR/USD. Despite the many activities and government intervention, the value Rial still decreases. At the beginning of 2017, the value of the Iranian currency in terms of the US dollar is about 32 000.