Despite the US-Iran memorandum of understanding and the reopening of the Strait of Hormuz, the Iranian rial is trading around 1.7 million to the dollar — down from 1.52 million at the time of signing. The currency is depreciating and inflation is rising even as Iran ramps up oil sales after the lifting of the US blockade, according to reports monitored by Abu Ali Express.
Related dispatches
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- StrongIranian research chief: Hormuz closure pressure helped Tehran secure U.S. deal
02 · Source and signal
Source and signal
- Internal intake