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Forex Plunges Most in 5 Months, Gold Wanes

Forex Plunges Most in 5 Months, Gold Wanes
Forex Plunges Most in 5 Months, Gold Wanes

Foreign currency prices continued to fall against the rial on Monday across Iran as panic selling took on new momentum. 
The US dollar plunged to 215,000 rials, losing 13,000 rials or 6% in one day. That was the lowest price since August 9. The greenback has lost more than 12% of its values since last Wednesday. It was tagged at wholesale price of 210,480 rials at the regulated forex market in Tehran -- 7.12% or 14,970 rials lower than the previous session.  
The regulated market is a network of banks and certified moneychangers under CBI auspices and deals in wholesale currency. 

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