EghtesadOnline: A weak local currency has proved to be a boon to Iran’s inbound tourists while a nemesis to its outbound tourism industry, at least twice in the past decade.

EghtesadOnline: Stocks sold off on Tuesday for a second session as investors digested the negative effects of the drop in foreign exchange rates. This comes as some analysts warn that the herd behavior of investors in response to forex fluctuations is not backed by fundamental reasons due to the multiple exchange rate system.

EghtesadOnline: Market reports indicate a sharp spike in prices of computer devices in Iran, with business insiders saying that the recent forex fluctuations and hurdles in the way of imports are turning the goods into a luxury that many cannot afford anymore.