Business And Markets

Rial Gains as Currencies Ebb

The US dollar pared more of the early gains against the national currency amid efforts by the Central Bank of Iran to intervene in the market and balance rates. 
It was traded at 281,000 rials in Tehran’s open market on Monday, indicating 3.2% decline compared with around 300,000 rials quoted a session earlier. 
The euro lost 10,000 rials, or 3%, to reach 333,500 and the UK pound sterling was quoted at 378,500 rials, down 2.4%, eghtesadnews reported. 


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