Foreign currency rates continued to rise in Tehran’s unofficial market at the beginning of business week on Saturday.
The dollar was worth 327,500 rials at the close of the session, posting 2.1% rise or 7,000 rials on Thursday.
The greenback had pared about 7.5% of the gains against the rial and retreated from the historic high of 333,000 rials to 305,000 rials in the middle of last week driven lately by optimism about the anticipated progress in talks to restore Iran’s nuclear deal.
The currency market saw fresh turmoil after media outlets reported that the two-day talks in Doha, the capital of Qatar, did not produce the desired results.
Likewise, the euro changed hands at 341,550 rials Saturday, up 5,000 rials or 1.4% on the session before, the GBP fetched 396,450 rials to be traded 3,000 rials higher while the UAE dirham gained 1.4% to buy 89,150 rials.
Despite the rise in open market rates, certified moneychangers operated by the Central Bank of Iran kept rates almost unchanged.
Posting 0.1% rise, one dollar sold for 277,390 rials at Melli Exchange affiliated to Bank Mell Iran. The greenback was worth 276,010 rials at the regulated forex market.
The market is a CBI-affiliated spot market operated by a network of banks and certified moneychangers dealing in wholesale currency.
Gold prices registered smaller gains on Saturday after posting a staggering upsurge on Thursday. The Emam gold coin was worth 156.85 million rials, up 0.2%. It had gained more than 7% in the earlier session.
Half Bahar Azadi coin was traded at 84.85 million rials, rising more than 0.4% and one gram of 18-karat gold was worth 14.57 million rials, increasing 1.6%.
