Paper Looks Into Rial’s Rising Problems

Since the beginning of the fiscal 2018-19, the Iranian rial has, as economists say, “gone through the floor”—the currency has depreciated by nearly 70% against its benchmark.

Most observers have described this as the effect of rising tensions in US…

Since the beginning of the fiscal 2018-19, the Iranian rial has, as economists say, “gone through the floor”—the currency has depreciated by nearly 70% against its benchmark. Most observers have described this as the effect of rising tensions in US-Iran relations, particularly the US withdrawal...