IMF official backs Iran's move to unify rial exchange rates | Reuters:
"Iran’s decision last month to unify official and free-market exchange rates to support the rial “is a step that goes in the right direction,” an International Monetary Fund official said.
The rial has lost almost half its value since September, partly due to fears of a return of economic sanctions if U.S. President Donald Trump carries out his threat to exit a nuclear deal with Tehran.
Iranian authorities last month said they were unifying official and free-market exchange rates for the rial in favor of a single rate of 42,000 against the U.S. dollar. "
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