Business And Markets

Currency, Gold Pause

Currency, Gold Pause
Currency, Gold Pause

Currency and gold prices retreated slightly from the recent highs as the market opened on Monday after the two-day public holiday.  
The US dollar shed more than 0.6% or 2,000 rials to change hands at 315,300 rials at Tehran’s free market. The euro lost 0.5% to buy 339,200 rials and the GBP was down 0.8% at 398,800 rials. The UAE dirham was worth 86,400 rials, down 0.46% on the session before. 
The market apparently is reacting to the weekend report that the government has given additional authority to the Central Bank of Iran to intervene in the chaotic forex market. 


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