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Foreign exchange rates in Tehran have finally begun to ease after two weeks of sharp increases, with the US dollar slipping by 1.4% and being traded at 551,500 on Ferdowsi Street. The dollar’s price decline follows a reduction in a possible direct US strike on Iran, with markets gaining confidence as tensions between Tehran and Washington remain extra-territorial. Exchange rates had been climbing steadily in Tehran’s free market, especially after a drone attack that resulted in the deaths of three American soldiers in Jordan. US President Joe Biden attributed the attack to Iran-linked militant…

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