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Currency, Gold Slide Continues

Currency, Gold Slide Continues
Currency, Gold Slide Continues

Forex and gold prices moved downwards on Saturday defying the negative climate arising from political developments in the United States and the region following the electoral defeat of Donald Trump. 
Vacillating below 260,000 rials for more than a month, the dollar lost 0.8% to reach 255,500 rials in Tehran's open market. 
The greenback was also slightly down in official exchange shops affiliated to banks. Melli exchange, affiliated to the Bank Mell Iran, tagged the dollar at 256,170 rials, down 0.33% compared to a session earlier.   
Likewise, the euro lost 1,220 rials to reach 314,390 rials, down 0.39% and the UK pound sterling fetched 346,400 rials, 0.39% lower compared to Thursday.  The UAE dirham was also down 0.3%, losing 200 rials to fetch 71,200 rials. 

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