By Reuters DUBAI, Aug 6 (Reuters) - Iran's rial sank about 5 percent in trading against the U.S. dollar on Monday after the central bank said it would change the currency's official exchange rate, prompting fears of another devaluation as the economy suffers from international sanctions. The rial was trading in the free market at around 21,510 ...

Chairman of the Central Bank of Iran (CBI) announced that the current exchange rate of 1,226 Tomans of a reference currency will change soon. There are adequate foreign exchange resources in Iran, but they will be allocated based on the prioritizations, Mahmoud Bahmani, chairman of the CBI said. Bahmani added that one reason for prioritizing ...