from Reluctant Preppers:
from Sputnik News:
The new rules will allow exchange offices to buy and sell hard currencies, among other assets.
Iran has announced a relaxation of foreign exchange rules ahead of US sanctions targeting Iran’s purchase of US dollars, trade in gold and precious metals, coal, cars and industrial-related software, according to media reports.
New US sanctions against Tehran will come into effect Monday.
The Central Bank of Iran announced Sunday that it will open currency markets, allowing exchange offices to buy and sell hard currencies for purposes such as foreign trade.
by Wolf Richter, Wolf Street:
The FANGMAN stocks went to heck afterhours.
Just a note to show how decrepit and ephemeral the enthusiasm for stocks is.
So far in October, the S&P 500 has booked 13 losing days, including October 10, when the index dropped 3.3%, and October 24, when it dropped 3.1%. Then came today, with the feel-good moment of a boisterous 1.9% gain. And then came after-hours trading, and nearly everything went to heck, particularly the FANGMAN stocks that weigh so heavily on the index with their $4-trillion market cap. And Friday morning looks already ugly. All of the FANGMAN stocks were in the red in late trading: