SIPRI has corrected its data on Iran’s military spending, applying a more relevant exchange rate for dollar conversions. Instead of ranking as the 14th largest military spender in the world in 2021, Iran was actually ranked 39th.
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All tagged exchange rate
SIPRI has corrected its data on Iran’s military spending, applying a more relevant exchange rate for dollar conversions. Instead of ranking as the 14th largest military spender in the world in 2021, Iran was actually ranked 39th.
◢ In a decisive move intended to stop the further devaluation of the rial, the Rouhani government announced it would unify the official and free market dollar exchange rates, settling on an official rate of IRR 42,000. First Vice President Eshagh Jahangiri made the announcement last night, declaring that trading dollars above the new rate would be a serious crime.