Foreign currencies Monday continued on the descending order that started on Saturday, paring more past gains.
The dollar lost the psychological 300,000 rials support level and retreated to 298,000 rials, losing more than 1.3% or 4,000 rials in Tehran’s open market, putting losses in the past two days to 3%.
The greenback gained more than 3% last week, reaching 306,500 rials the highest in 14 months. The euro was the biggest loser and shed 2.1% or 7,060 rials, closing at 335, 587 rials.
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