Dollar Buys 253,000 Rials

The dollar continued to gain against the national currency on Wednesday strengthening above the critical 250,000-rial level.
In choppy trade the greenback made a brief retreat to 250,000 rials after news reports said Akbar Komijani, the vice-governor, had been appointed as the new governor of Central Bank of Iran.
The American currency later rebounded and climbed to 253,000 rials in Tehran’s open market, up 0.55% or 1,500 rials compared to Tuesday.
In a slow but steady upsurge, the dollar has gained almost 8% in  the past month. The uptrend is mainly due to investors’ analysis of the political climate in general and the nuclear talks in Vienna in particular.