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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
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Iran's currency fell sharply to new low, sold 2,62,000 Riyals per Dollar

Iran's currency fell sharply to new low, sold 2,62,000 Riyals per Dollar

 

The Iranian currency recorded a major fall on Saturday, September 12, 2020, and touched a historic low against the Dollar. Since June, the Iranian currency Riyals has depreciated 30 per cent against the Dollar. Currency exchanging shops exchanged 2,62,000 Iranian Riyals for every Dollar on Saturday.

 

On September 10, 2020, Thursday, 2,56,000 Riyals were traded for one Dollar. Iran's markets were closed on Friday due to the weekend. In the last days of June, 200,000 riyals were trading against a Dollar.

 

When Iran signed a nuclear deal with the world's powerful countries in 2015, 32,000 Riyals were traded against each Dollar. Iran's currency had seen a sharp decline for some time more than two years ago when US President Donald Trump imposed several trade sanctions on Iran separating the US from the nuclear deal. These restrictions have resulted in a steep decline in Iran's oil exports.

 

The government of Iran is doing everything possible to handle the currency. On Friday, September 11, 2020, the head of Iran's central bank Abdulnasir Himmati said that the government was doing everything possible to handle the situation of the money market. Iranian officials have been warning exporters for several months to bring their overseas income to Iran, otherwise, their export license will be cancelled. The central bank has warned that it will make the names of those not complying with the order public.

 

Iran's exporters leave half their earnings abroad. In June, the central bank said that Iranian companies export 40 billion Dollar worth of non-oil products every year. Officials say that about half of the income from this export remains abroad.


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