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Iran: USD at 20-Month High, Gold Up

Iran: USD at 20-Month High, Gold Up Iran: USD at 20-Month High, Gold Up

Price of the US dollar passed over 170,000 rials in Tehran on Tuesday, hitting a 20-month high. Emami gold coin also recorded an all-time high on Tuesday climbing to an unseen 70.087 million rials. 
The dollar and other major currencies have been rising since Saturday, when bank-affiliated exchange shops suddenly increased rates coming closer to those in the free market. 
Euro was priced at 180,000 rials on Tuesday, according to Tehran Gold and Jewelry Union's website. The UAE dirham, one of the most influential elements influencing the dollar in Tehran, recorded 1% growth to reach 47,000 rials. 

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