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Iran: Forex, Gold Continue to Fall

Iran: Forex, Gold Continue to Fall Iran: Forex, Gold Continue to Fall

Major currencies extended losses against the rial on Sunday with the dollar closing the session more than 3.7% lower. 
The greenback surrendered the 260,000-rial support level in the later hours of trade and was quoted 259,000 in Iran’s free market, down 1,000 rial compared to the day earlier.
Likewise, the euro lost 12,000 rials to reach 306,100 rials, down 4% and the UK pound sterling fetched 341,000 rials, 4.1% lower compared to Saturday.  The UAE dirham was also down 5%, losing 3,600 rials to fetch 72,200 rials. 
Slide in rates was also seen in the official exchange bureaus affiliated to the Central Bank of Iran. Melli Exchange quoted the greenback at 250,000 rials. 

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