24748
Rial Weakens Against Dollar
Economy, Business And Markets

Rial Weakens Against Dollar

The parity rate of the Iranian currency rial against the US dollar weakened by 0.3 basis points at 1230 GMT on Monday. The dollar was traded at 34,090 rials in the morning hours but its value reached 33,770 rials later at 16:30 local time, data available on the Gem and Jewelers Union’s website show. The rial appears to have entered a new phase in recent weeks as it has been losing ground to major foreign currencies. On Aug. 1, the dollar’s value in Tehran’s foreign exchange market was 33,140 rials. Depreciation of the rial comes despite the bulk of economists expecting national currency’s appreciation as a result of sanctions relief and the possible return of Iran’s funds frozen overseas. The euro also gained value, reaching 38,430 rials at 1230 GMT, 0.6% up from the previous trading day.

Short URL : https://goo.gl/LCxKMv
  1. https://goo.gl/ePdZ2A
  • https://goo.gl/3IugG5
  • https://goo.gl/y8AB5K
  • https://goo.gl/x3Qbu5
  • https://goo.gl/7aVFwf

You can also read ...

Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
The first Iran-Luxembourg Forum opened on Wednesday and hosted...
Imported Flat Steel Buying Thin Over Lower Local Prices
Buying activity in the Iranian flat steel import market was...
New Initiative Promotes Indigenous Messengers
Users will receive 60% discount on Internet prices for using...

Trending

Googleplus