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4 years ago

Iran's Currency Exchange Crisis Widens, Creating Economic Turmoil and Uncertainty.

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An Estimate for the Real Foreign Exchange Rate in Iran
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Currency exchange fluctuations in Iran have caused problems in the economy. In the past, there were surges in foreign exchange rates due to restrictions and deficits. In 2000, a unified exchange rate policy was implemented, but in 2011, a significant gap between official and free market rates emerged. This gap has now widened to over 1,000 tomans per dollar.