Rial Rises Amid Cautious Optimism 

Currency rates dropped in Tehran’s unofficial markets after months of record highs. The US dollar was quoted at 425,000 rials on Sunday in the open market, down 3.19% from the previous day's close. 
The euro fell 3.21% and was quoted at 452,900 rials and the GBP ended the day near 511,400 rials, down 3.43% from Saturday’s close. 
The UAE dirham was the only currency in positive territory and was sold at 128,100 rials. Currency rates jumped to historic highs in the past several months with the embattled rial in freefall. Hit by the rapidly deteriorating economic conditions, people sought safe havens to protect what was left of their hard-earned savings.