Tag: Tehran
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Freefall of the Iranian Rial Following European Sanctions Announcement
The Iranian rial has recently plunged by approximately 12%, triggering widespread concern among the Iranian populace and economists alike. This drastic fall comes on the heels of an announcement from Europe, specifically from the United Kingdom, France, and Germany, regarding the reactivation of the “snapback” sanctions that were initially lifted under the Joint Comprehensive Plan…
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Free Fall: Iranian Rial Plummets Due to European Sanctions Announcement
In a stunning turn of events, the Iranian Rial has experienced a rapid decline of approximately 12% this week, triggered by recent announcements from European countries—including the United Kingdom, France, and Germany. These countries announced the reinstatement of sanctions through the activation of the “snapback” mechanism in response to Iran’s non-compliance with its international agreements.…