[Iranian Currency Appreciates Significantly] On Saturday, March 21, the Iranian currency, the rial, surged significantly, reflecting market bets that the U.S. exemption on Iranian oil sales would bring foreign exchange inflows. Following the U.S. Treasury's decision to temporarily lift restrictions on Iranian crude oil already in transit, the rial rose 6.7% against the dollar, reaching 1.559 million. Mustafa Pakzad, chairman of Pakzad Consulting, which provides geopolitical advisory services for businesses in Iran, stated that since the outbreak of the war, the rial had been depreciating, and this marks its first major appreciation. (Wall Street Journal)