Iran’s currency and stocks have declined and most foreign airlines have suspended flights in anticipation of an Israeli retaliatory attack on the Islamic republic.
The rial had slid almost 5 per cent to 640,000 against the US dollar on the open market on Monday, from 610,000 on September 30, a day before Iran launched a ballistic missile strike on Israel. Tedpix, the main index at the Tehran Stock Exchange, fell to 2.007mn from 2.131mn — a drop of almost 6 per cent — during the same period.
Both have continued their steady decline this week, as many fear the threat of war will deepen Iran’s isolation and economic crisis.
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