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At 260,000 Rials, US Dollar Surpasses All-Time High

At 26,000 Rials, US Dollar Surpasses All-Time High At 26,000 Rials, US Dollar Surpasses All-Time High

Building on earlier gains, the US dollar advanced at the start of the trading week on Saturday climbing above the psychological level of 260,000 rials in unofficial currency markets in Iran.
This is the highest ever rate registered for the greenback, seen also as a strong resistance level. It had briefly reached 259,000 rials on July 18.
The dollar closed at 262,000 rials in Tehran’s open market, up 5,000 rials, or 2%, compared to the previous on Thursday. The currency has gained 8%, or 20,000 rials, since the beginning of the last trading week.  
One euro was worth 312,000 rials, up 9,000 rials compared to Thursday and the UK pound sterling soared to 336,900 rials. 

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