Business And Markets

Iran: Forex and Gold Come Back

Iran: Forex and Gold Come Back
Iran: Forex and Gold Come Back

Foreign exchange and gold prices closed higher on Sunday in Tehran's forex market paring losses in previous sessions. 
The US dollar briefly  touched the critical 250,000-rial level breached a session earlier but later retreated and was quoted at 249,500 rials up 1% rise compared to Saturday.
The greenback had lost more than 3% to reach 247,000 rials on Saturday after fluctuating between 250,000- 260,000 rials for six weeks. The UAE dirham gained 0.7% or 500 rials, barely 100 rials shy of 70,000 rials. 
The euro and UK pound, however, reversed course and posted losses on Sunday. Both currencies had not lost as the dollar and the UAE currency a session earlier. 


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