Parity Widens
Economy, Business And Markets

Parity Widens

Volatility in the foreign exchange market widened the gap between the official and free market forex rates on Wednesday. In late trading the greenback was sold for 34,050 rials in the free market while the official price of the dollar was quoted at 29,956 rials – bringing the rate difference close to 5,000 rials. The difference between the two rates had narrowed in recent weeks, raising hopes of a smooth single rate exchange rate by the Central Bank.

Short URL : https://goo.gl/GqSn5v
  1. https://goo.gl/ES39hb
  • https://goo.gl/Kilss2
  • https://goo.gl/6uYxHU
  • https://goo.gl/xACyLV
  • https://goo.gl/yxdntf

You can also read ...

Iraq May Become Iran's Top Export Destination
Iran's exports to Iraq have considerably increased in recent...
Gov’t Cuts Back on Spending Amid Growing Budget Deficit
President Hassan Rouhani’s Cabinet approved plans on Sunday to...
Iran Digital Payments Exceed $16b in 1 Month
Close to 1.84 billion transactions worth more than 2.44...
Tehran Mehrabad Airport Projects Worth $20m Inaugurated
A number of development projects worth 2.7 trillion rials (...
Iran Engine Oil Production Rises 24%
A total of 214 million liters of engine oil were produced by...
NIOC Will Issue Manfa’ah Sukuk to Fund Projects
Head of the National Iranian Oil Company said it will issue...
Packaging Industry Facing Shortage of Raw Materials
A near fivefold rise in packing paper exports, thanks to the...
Iran, Pakistan Confer on Broadening Trade Relations
President of Iran Chamber of Commerce, Industries, Mines and...