KM Financial Solutions | UPDATE 2-Iran allows central bank to defend rial by intervening in forex market
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UPDATE 2-Iran allows central bank to defend rial by intervening in forex market

UPDATE 2-Iran allows central bank to defend rial by intervening in forex market

Iran on Saturday authorised the
central bank to intervene in the foreign exchange market in
defence of the rial, state television reported, after the
currency fell to repeated record lows in recent weeks following
the reimposition of U.S. sanctions.

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