68434
USD Drops in Tehran
USD Drops in Tehran

USD Drops in Tehran

USD Drops in Tehran

After the US dollar reached its three-month high in Tehran’s market last Tuesday, the greenback’s rally ended and it lost against rial for four days in a row, changing hands for 37,820 rials on Saturday.
According to Tehran Gold and Jewelry Union’s website, the rial was quoted at 37,930 to the dollar less than a week ago, showing the USD bull run in the currency market has ended.
However, euro, which is another high demand currency in Tehran’s market, gained 110 rials on Saturday. The rials was quoted at 43,990 to the euro.
However, the official rates of high demand currencies in Tehran’s market have all gone up. The rial was quoted at 32,624 and 37,367 to the greenback and euro, marking an increase of 15 and 76 rials compared with last week’s close, respectively.
Bahar Azadi gold coin changed hands for 11,770,000 rials ($313.8) in Tehran’s market on Saturday, down by 10,000 compared with last Thursday, but the other benchmark coin, Emami, gained 20,000 rials and sold for 12,085,000 rials ($322.2).
Half Azadi and Quarter Azadi gold coins lost 10,000 rials and 2,000 rials of their value on Saturday to reach 6,365,000 rials ($169.7) and 3,715,000 rials ($99), respectively.  
 

 

Short URL : https://goo.gl/Yt6neH
  1. https://goo.gl/GpnVqM
  • https://goo.gl/AAFvAp
  • https://goo.gl/nsXweN
  • https://goo.gl/YNB8V3
  • https://goo.gl/X1SB7W

You can also read ...

Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus