The national currency gained ground and pared losses following further guarded optimism about reviving Iran’s nuclear deal, which curbed demand for foreign currency.
The US dollar fell below the psychological 30,000-rial on Wednesday to buy 298,500 rials in Tehran’s free market. It was 3,300 rials lower compared to the session before giving up more than 1.2%.
Likewise, the euro was worth 304,200 rials, down 1%, the GBP lost 0.5% to fetch 364,900 rials and the UAE dirham was traded at 81,900 rials, down 1% on Tuesday.
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