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Iran's currency has been suffering for years due to heavy economic sanctions imposed by the US and its allies. Dollars are in great demand in Iran because they are in serious need of imports and ...

A first step toward breaking the deadlock over Tehran’s nuclear program and easing tensions with the US spurred a rebound in Iran’s currency and stock markets. Iranian and US officials held ...

Before the measure was announced, foreign visitors were forced to carry large volumes of cash during their stay in Iran. They were also forced to sell their currencies at lower prices to be able to ...