Forex and Gold Slip in Tehran Market

Foreign exchange rates declined on Saturday impacted by prospect of a stronger rial in light of optimism that Iran’s financial and banking ties with the outside world were set to improve.
The dollar fluctuated between 259,000-261,000 rials for several days before pausing to lose 5,000 rials. It was worth 254,500 rials on Saturday, losing 1.5% in one day, a big daily loss compared to the 1.1% decline over the past week. 
Other major currencies, namely euro, UK pound and UAE dirham also fell. The European currency retreated to 315,000 rials down 0.95% daily, the pound fetched  344,300 rials losing 1.7% and the dirham lost 1.4% to trade at 69,600 rials.