RFERL:
Following nearly a year of economic crisis, ordinary Iranians and market watchers who follow trends to help businesses in their decision making have been asking some key questions about how to survive and prevent losses let alone making a profit in current conditions.
In spite of the ongoing insecurity and instability of Iranian markets, particularly after the reimposition of US sanctions, the Iranian government has been constantly trying to conceal the crisis or to test various tactics to confront it, though with very little if any success.
As the Islamic Republic is planning to celebrate its 40thanniversary in February, bringing about at least a semblance of stability in the market is a matter of prestige and saving face for the regime. This is what has been happening in the forex market, where the rial has recovered a big chunk of its losses against the major currencies.
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