Tag: IRR
-
Iran’s Currency Depreciation – Conducive for Exports, Adverse for Domestic Market
Iranian Rial continues to depreciate as against USD, during the beginning of week, conversion of 1 USD to IRR was noted to be around 42,900, it continued to fall and reached IRR 44,200 towards the end of week. Money depreciation is motivating big manufactures to shift towards export market for better realization. Iran domestic billet…