Iran Press/Iran News: Iran’s rial tumbled on the unregulated market after Donald Trump said he would pull his country out of the multilateral agreement, but it has been recovering for months on the open market after Iran took measures to preserve foreign currency and set up a government-run foreign-exchange platform to facilitate supply.
Stability in the foreign exchange market has also helped support a recovery in manufacturing.
Iran’s non-oil exports are projected to reach a record level of over $40 billion this year. This may be the first year in Iran’s modern history that non-oil exports will exceed oil exports, which will be constrained to around $10 billion.
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