Tag: Iran Currency Depreciation
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Iran’s Currency Depreciates Further, Will it Increase Exports?
The Iranian Rial (IRR), continue to depreciate owing to political unrest and ongoing sanctions. Currency depreciated by 2.75% in just one week to trade at IRR 43,240 per USD. IRR has depreciated by about 3.5% in last one month and 6.68 % in last two months. Will it support exports? Iran, one of the largest…