Dollar Down 3%, Euro Loses 4.4%

Foreign exchange rates registered new lows against the rial in Tehran on Saturday. The US dollar dropped below the support level of 290,000-rial in the free market to buy 289,500 rials, losing 8,700 rials or more than 3% in one day. 
The euro slipped 4.4% or 12,810 rials and was quoted at 290,420 rials. The GBP was down more than 5% to change hands for 342,240 rials while UAE dirham lost 3.5% to be tagged at 79,400 rials, Eqtesad News reported. 
The descending order began almost 10 days ago spurred by positive reports about the likelihood of success in complex negotiations to revive Iran’s nuclear deal, known officially as Joint Comprehensive Plan of Action or JCPOA.