Articles
Neutral, dated analysis and explainers across Iran’s markets.
Turkey's High Interest Rate Didn't Save the Lira: What Does That Mean for Iranians?
Turkey's central bank has held its policy rate at 37 percent, yet the lira keeps hitting new lows. This lesson explains the mechanism behind Turkish inflation and monetary policy, and shows how that decline reaches Iranian property purchases, trade, and money transfers.
Every Day in Baghdad, an Auction Is Held: How Its Dollars Reach Tehran's FX Market
Iraq's central bank sells dollars for dinars to licensed banks and exchange houses every business day. This lesson explains how that auction works, why its official rate differs from Baghdad's free-market rate, and how that gap reaches Tehran's currency market.
Turkish Lira Hits Fresh Record Low of 47.76 Against the Dollar on Wednesday; Turkey's Central Bank Releases Its Quarterly Inflation Report Tomorrow
The Turkish lira touched a fresh all-time low against the US dollar on Wednesday evening, August 12, 2026, crossing 47.75, even as annual inflation eased for a fourth straight month. The Central Bank of the Republic of Turkey (TCMB) releases its quarterly Inflation Report tomorrow, Thursday, August 13, a release that has historically moved the lira. The move matters for Iran's market too, since much of Iran's overland import trade and outbound travel runs through Turkey.
