Business And Markets

Iran: Rial Comeback Seems Real

Iran: Rial Comeback Seems RealIran: Rial Comeback Seems Real

Foreign exchange rates in Tehran were again of the declining order on Wednesday as several factors prompt the rial to pare much of its unprecedented losses since the beginning of the current fiscal in March. 
The USD exchange rate broke below another psychological level in early trading as the national currency was quoted at around 99,000. The greenback gained slightly in the afternoon and was traded above 100,000 rials. 
Regular injection of currency into the market by the Central Bank of Iran and the flow of export earnings...


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