Risk Stalking #Iran's Sanction-Scarred Currency Is Off the Charts - Bloomberg

Risk Stalking Iran's Sanction-Scarred Currency Is Off the Charts - Bloomberg:

Iran’s currency is under more duress now than when a European and U.S. oil embargo was in place seven years ago.

Oxford Economics’ FX Risk Tool, a composite measure of vulnerability to a currency crisis, shows the rial as the most exposed in the Middle East and North Africa.

Iran’s score is above the level in 2012 and suggests a 23% chance of a currency crisis in the next two years, the consultancy said. Although its value is officially fixed, the rial is estimated to have lost more than 60% on the parallel market in the last year.