Business And Markets

Euro, Dollar Extend Gains

Dollar Gains 2.4%Dollar Gains 2.4%

Price of the US dollar rose 2.45%, or 2,950 rials, on Tuesday to reach 123,480 rials in the Tehran market.
Each euro was worth 135,440 rials, registering 1.79% or 2,440-rial growth compared to the with previous day's close. The British pound sterling, however, declined by 1.3% and was sold for 159,220 rials. 
According to Central Bank of Iran website, the greenback was sold at 108,800 rials at the secondary market, known as Nima, and 120,290 rials bought one euro. 
Currency rates were mostly stable in the past few weeks, except for the last week when the dollar jumped to 127,000 rials, spurred largely by the negative climate after the government raised gasoline prices and imposed quotas. 


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