As an attempt to limit physical manipulations of the currency market, Iran will be introducing its first foreign currency exchange-traded fund (ETF) next week. While we still do not know what currencies will be dominating this ETF, the two main currencies that are the most common in Iran are USD and EUR and it is expected that the mentioned ETF to hold a significant portion of its portfolio tied to these two currencies. We could also expect other commonly traded currencies like the Chinese Yuan, Korean Won, Indian Rupee or even Russian Ruble to have some presence in this ETF.
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