In first move since FX crackdown, Iran lowers rial vs. dollar
In a sign that it will allow some flexibility in exchange rates under threatened U.S. sanctions, Iran has lowered the official value of the rial versus the dollar for the first time since it tried to stamp out a free currency market last month./ FILE PHOTO: A man counts stacks of Iranian rials at a currency exchange shop in Kerbala , 110 km (70 miles) south of Baghdad January 23, 2013. REUTERS/Mushtaq Muhammed/ In early April, with the rial sinking to record lows before U.S. President Donald Trump’s decision to exit the Iran nuclear deal, ...
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