If there was a currency you wouldn’t expect to be strengthening, it would be Iran’s.

But the truth is that the rial is soaring on the country’s parallel market, gaining 8% against the dollar this week alone to extend its advance since early May to 30%. That’s according to Bonbast.com, a local website that monitors the currency. The appreciation is borne out by a Bloomberg survey of street traders in Tehran.

ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9coWMaW5maWhksbC6jK1kpaefoHqvu9Zmm6imkaGxbsDRrqSpZZmnrq950maarqqimrukxYyiqmarn5a%2FqrrG