Dollar Dips Again in Tehran Market

Currency rates continued on the downward path in Tehran on Sunday as the Central Bank of Iran mobilizes its resources to plug the gap between rates in the open market and secondary market.
Since the beginning of the current Persian month on June 22, the USD has been traded mainly below the supportive level of 130,000 rials. The greenback fell from 128,000 rials on Wednesday to 126,500 rials on Saturday and further declined to 125,000 rials on Sunday – down 2.4% decrease compared to Wednesday’s close. 
The euro changed hands for 143,000 rials for the day and the UK pound sterling fetched 159,000 rials.