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Explained in plain English

Will my holiday cost more?

When a country's currency weakens, it generally means their goods and services become cheaper for people using stronger currencies like the pound. So, if you were planning a trip to Iran (once travel advice allows), your pounds would stretch further. However, the current situation also means higher inflation within Iran, making daily life tougher for locals.

Stories that explain this

US warns countries to cut Iran ties or face sanctions Oil hits $94 as UAE cuts Iran ties, squeezing Strait of Hormuz Germany's cabinet to approve 2027 draft budget, borrowing €203.6 billion

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