Business And Markets

Forex Rates Pause After Steady Rise

Unconfirmed reports in the local media about the release of some Iranian money blocked overseas explains the decline in the currency market on Wednesday
Forex Rates Pause After Steady Rise
Forex Rates Pause After Steady Rise

Forex rates paused on Wednesday after consecutive gains since the beginning of trading week impacting the domestic gold market. 
The US dollar surged to two-month high and was traded as high as 276,000 rials on Tuesday in Tehran’s open market before retreating on Wednesday.   
Dealers quoted the greenback at 273,300 rials, down about 1% or 2,700 rials from the session before. 


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