Business And Markets

Currencies Jump in Tehran

Currencies Jump in Tehran
Currencies Jump in Tehran

Forex rates shot up in Tehran on the first day of the week. The dollar climbed to 243,000 rials on Saturday in the open market, posting 2.3% or 5,600-rial growth compared to Thursday's close. 
The greenback went up as high as 247,000 rials in the early hours of trade before paring some of the gains. It bought 230,150 rials at the Central Bank of Iran regulated market --  2.86% higher than the previous trading day. The regulated market is a network of banks and certified moneychangers under CBI auspices and deals in wholesale currency.
Melli Exchange, and other exchange shops affiliated to banks, quoted 237,200 rials for the dollar. The euro recorded the highest growth rising 4.19% to fetch a two-week high of 300,530 rials. 


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