Business And Markets

Forex and Gold Prices Soar in Tehran Market

Forex and Gold Prices Soar in Tehran MarketForex and Gold Prices Soar in Tehran Market

Currency prices shot up again on Monday in Tehran as bank-affiliated moneychangers tagged the US dollar at 165,000 rials -- the highest in the past 20 months. Cold coin prices also increased by another  1.3 million rials to hit an all-time high of 70 million rials ($424). 
The greenback gained 2,000 rials, or 1.84%, compared to the previous day's close. Euro also dearer 2,000 rials or 1.65% and fetched 179,000 rials. 
In the past two days, bank-affiliated exchange shops, considered as CBI's arm for controlling the market, demanded higher rates getting closer to those of the free market. 


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