Business And Markets

Currency, Gold Slide Continues

Currency, Gold Slide Continues
Currency, Gold Slide Continues

Currency and gold prices pulled back again on Wednesday after the Central Bank of Iran decided to increase offers. 
The US dollar was quoted at 318,500 rials in Tehran’s free market, down 1.7% or 5,500 rials on Tuesday’s close. The greenback is now down almost 4.3% or 14,500 rials from its historic highs earlier in the week in Iran, which starts on Saturday.
It appears that the currency market is under tight control of the regulator, which has been able to tame the volatile market and rising prices by boosting the supply side. 


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