Iran eases currency controls to let traders bring earnings home in crypto: FT

Exporters can use overseas earnings to fund imports directly, bypassing the official foreign-exchange system, the FT reported.

Source: CoinDesk

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DW NOTE

Iran's capital controls have collapsed, so Tehran is calling it a liberalisation. Letting exporters keep earnings abroad and settle trade in crypto is what a state does when it can no longer enforce repatriation. The Strait closure has severed Iran's payment rails along with its export routes — this isn't a policy choice, it's surrender to reality dressed up as reform.

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