CBI Optimistic About Lower Forex Rates

Foreign exchange rates increased again Monday, with the dollar recording gains for the second day in a row. The Central Bank of Iran, however, said it expects further decline in rates. 
The dollar was quoted at 266,000 rials Monday in Tehran’s open market or up 4.88% compared with Sunday's close. It had lost 9.3% on Saturday following the election victory of Democrat Joe Biden in the US presidential elections. 
Likewise, the euro gained 4.11% to 313,470 rials. The European currency fell to 293,430 rials on Saturday after it losing 9.4%, Eghtesad news reported.