Business And Markets
0

Currency, Gold Weaken in Tehran

Currency, Gold Weaken in Tehran
Currency, Gold Weaken in Tehran

Foreign currency rates declined in Tehran’s open market on Saturday for the third consecutive day with the downturn extended to the gold market. 
The US dollar was traded 156,000 rials, down from 158,500 rials quoted by moneychangers and currency dealers in Tehran’s free market on Thursday. 
Euro dropped about 2% to 168,000 rials and the UK pound sterling retreated to 192,000 rials, down from 197,000 rials a session earlier. 
Currency rates soared to 166,000 rials for one dollar in early April when dealers and middlemen gouged prices in the absence of authorized exchange bureaus and moneychangers affiliated to the Central Bank of Iran. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com