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Image: Alireza Heydarifard on Unsplash
Do you remember oil going negative in April? It hurt everyone including Iran. The plague and economic strife have contributed to the country's struggles and the US sanctions in 2018 certainly are having an impact.
USDIRR got as high as 255,000 last July. IRR halved its value to USD this year. In fact, the official rate for business is 42,000. That's a new one.