Business And Markets

Dollar in Tehran at 9-Month High

Dollar in Tehran at 9-Month HighDollar in Tehran at 9-Month High

Price of the US dollar reached 141,300 rials in Tehran’s open market on Sunday, the highest in the past nine months. 
The greenback started the ascending order in the past few weeks due mainly to speculation among market observers regarding the Iran dossier at the meeting in Paris of the Financial Action Task Force, the global anti-money laundering watchdog. 
Currency prices have been rising amid rumors that the Paris-based body is expected to put Iran on its blacklist. Iran is currently on FATF's watch list and was given the last and final deadline last October to comply by FATF rules or face consequences. 
FATF has linked taking Iran out of its blacklist on the ratification of four bills. In August 2018, Iran enacted amendments to its Counter-Terrorist Financing Act and in January 2019 amended its Anti-Money Laundering Act.


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