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Iran currency market remains paralysed

Posted on 08 October 2012

The open forex market in Tehran was still largely paralysed Sunday, four days after Iran’s national currency dropped more than 40 percent prompting protests in the capital’s symbolic Grand Bazaar.
Most official exchange shops were open in downtown but refused to conduct any business at a rate of about 28,000 rials per dollar, set by the Central Bank on Saturday in a bid to curb the currency’s plunge. The main specialised websites tracking transactions on the market did not post any rates………………………………………..Full Article: Source


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