Business And Markets

Forex Rates at New Record Highs

Forex Rates at New Record HighsForex Rates at New Record Highs

The US dollar jumped to an all-time high of 320,000 rials on Thursday, despite the central bank’s move to inject currency in the forever rising market. 
The dollar finished the week at 320,000 rials in Tehran’s open market, up 3,200 rials or 1%, compared to the previous Thursday. The currency has gained 4% or 12,500 rials since the beginning of the last trading week.  
One euro was worth 372,370 rials, up 2,490 rials compared to Wednesday and the UK pound sterling soared to 412,500 rials. Both the euro and pound posted 6.1% and 2.93% increase, respectively, last week. 


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