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Iran Rial Losses 60% In Past 12 Months
Published on Tuesday, 02 Oct 11:13 am
The Iranian Rial has been collapsing daily lately, shedding around 5-15% of its value daily to the dollar. The official exchange rate is still IR 12,260 per dollar. But in fact the loss has been about 60% in the last 12 months, with the current market rate around IR35,000 per dollar.
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