Rial Devaluation to Pose Challenges in Spring

Fluctuations in the Iranian rial’s value against foreign currencies are still making headlines, it’s a key variable and affects the livelihoods of Iranians apart from the economic indicators. 
Those who are not active in speculative markets and belong to middle income deciles are now struggling with economic challenges resulting from these fluctuations. Therefore, it is very important that analytical approaches survey the living conditions of these groups.
The past few weeks have seen the value of the Iranian rial fall to record low against major foreign currencies. Although a fraction of the losses has been recovered in the past few days, experts have warned against the detrimental effects of forex fluctuations on the domestic markets. 
Vahid Shaqaqi-Shahri, an economist, prefaced his write-up for the Persian daily Ta’adol with this note. A translation of the article follows: