Business And Markets

Iran: Currency and Gold Weaken

Iran: Currency and Gold Weaken Iran: Currency and Gold Weaken

The currency and gold coin markets on Wednesday fluctuated posting drops after Tuesday's gains. The US dollar lost 2.5% or 6,000 rials during the day to close at 280,000 rials at Tehran’s open market. 
Moneychangers affiliated to the Iranian Association of Bureau de Change quoted the greenback at lower rates (277,380 rials) according to Eghtesadnews.  
The euro was priced at 329,830 rials in the free market across the country, down 2.63% compared to the previous trading day. Licensed moneychangers tagged the single European currency at 326,460 rials. The greenback had gained 1.74% on Tuesday's close and the euro had climbed 1.84%. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment