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  • EghtesadOnline: A senior banking official said the steep fall in the value of rial against the US dollar has strained banks’ balance sheets by dealing a blow to their capital levels.

  • EghtesadOnline: After Iran, Russia and Turkey, three regional allies hit by US sanctions, discussed a possible replacement of the US dollar by national currencies last week, business figures in Iran are now weighing in on the degree the plan can be implemented with success.

  • EghtesadOnline: Iran’s rial recouped some of its losses after hitting a record low against the US dollar on Thursday on the open market, according to reports, as the economy continues to face pressure from the reimposition of US sanctions.

  • EghtesadOnline: The number of Afghan refugees returning from Iran has doubled recently, as Iranian currency loses its value against the US dollar in an unprecedented manner.

  • EghtesadOnline: The US dollar has been completely eliminated from trade deals conducted between Iran and Iraq due to US sanctions and the neighboring countries have shifted toward the euro and national currencies, the head of Iran-Iraq Chamber of Commerce said.

  • EghtesadOnline: As part of the latest measure to ditch the US dollar from the country's transactions, the Central Bank of Iran has removed the American currency from the list of Sanarate.ir, the website reporting the exchange rate of foreign currencies based on exchange bureaux information.

  • EghtesadOnline: After the temporary removal of the US dollar from Sanarate.com, the website that records the average exchange rate of foreign currencies from across the exchange bureaux, the greenback has found its way back into the online portal.

  • EghtesadOnline: Iranian auto importers, who had brought vehicles into the country when the open market forex rate was significantly lower than the current average of 95,000 rials per US dollar, need to slash the price of the cars they are offering in the market or the government will claim a share of their incomes.

  • EghtesadOnline: The US dollar's rally in the unofficial foreign exchange market, along with other major currencies, is gaining in intensity.

  • EghtesadOnline: As the negative consequences of the government’s policy in enacting a single exchange rate for the US dollar are becoming clearer, report from local media suggest that the government is finally prepared to entirely abandon that policy.