Dollar at 8-Month High, Gold Climbs

The dollar reached 284,240 rials on Thursday in Tehran’s open market, the highest rate since the beginning of the calendar year in March 2021.
The greenback started the week at 276,000 rials, posting a weekly growth of 2.8%, the Tehran Gold and Jewelry Union website said. It also shot up in the so-called regulated market and was quoted at 277,180 rials on Thursday, up 1.44% on Wednesday’s clsose.
The regulated market is a spot market operated by a network of banks and certified moneychangers dealing in wholesale currency under the supervision of the Central Bank of Iran.