Currency Rates Rise in Tehran, CBI Reassures Public

Foreign exchange rates surged in the Tehran market on Saturday, prompting the Central Bank of Iran to release a statement to reassure the public that it has a grip on the market. 
"CBI in collaboration with the heads of the three branches of government has created relative stability in the forex and monetary markets," the CBI statement says.
The USD exchange rate rose above the resistance level of 110,000 rials on the first trading day of the week, reaching 113,000 rials according to sanarate.com, which reports the ave