Business And Markets

Rial Plunges to All-Time Low

Rial Plunges to All-Time Low
Rial Plunges to All-Time Low

The US dollar rose again in Tehran’s free market at the close of trading week on Thursday, moving incessantly toward 300,000 rials. 
Having touched a milestone, the greenback declined slightly during the day but was traded at record highs. It closed at 299,000 rials, up 3,000 rials or 1% compared to the previous session. 
Other major currencies also moved up. One euro was worth 350,460 rials, posting 1% increase or 3,550 rials. The UK pound sterling fetched 384,520 rials rising 0.66%.
Iran’s currency market was the second performing market in the last trading week with the dollar gaining 5.5%. 


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