Iranian rial at new low, as cenbank sells dollars to support currency

INTELLIGENCE SUMMARY

DUBAI: Iran’s ‌rial continued its decline on Saturday, as the central bank announced an injection of up to $2 ​billion to support the currency while the economy faces US sanctions and a naval blockade. The US dollar was sold around 2.688 million rials, up from 2.632 million on Friday, according to free-market tracking website bon-bast.com , ‌while alanchand.com ‌reported 2.695 million rials ​per ‌dollar. State ⁠television said ​state banks ⁠began selling up to $2 billion to support the cur