Iran raises rates, closes accounts to shore up rial
The Iranian rial had lost a quarter of its value in six months, sliding to a record low of 48,400 to the dollar on Wednesday. (File photo: Reuters)/ Iran has raised bank deposit rates and frozen the accounts of hundreds of foreign exchange dealers in a bid to shore up the value of the rial, reports said Thursday. The currency had lost a quarter of its value in six months, sliding to a record low of 48,400 to the dollar on Wednesday, as US President Donald Trump’s threats to tear up a landmark 2015 nuclear deal dash hopes of a surge in ...
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