Business And Markets

Forex Rates and Gold Climb

Forex Rates and Gold Climb Forex Rates and Gold Climb

Foreign exchange rates made significant gains on Monday despite efforts by the Central Bank of Iran to meet demand through the secondary market. 
The US dollar rose 1.5% or 4,400 rials to 294,000 rials in Tehran's free market. The Euro jumped 1.76% touching an all-time high of 343,080 rials while the British pound sterling was quoted at 377,650 rials, 2.19% higher than Sunday's close, reported. 
Price of the Emirati dirham was almost unchanged at 80,000 rials. Traders apparently showed little interest in the dirham due to sufficient supply. News outlets reported Saturday that the CBI had injected 300 million dirhams in the secondary market, known by its local acronym, Nima.  


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