Euro Hit New High

The rial was quoted at 45,950 to euro on Thursday in Tehran’s market, losing 4.35% against the European currency compared with the previous Thursday’s close. According to Tehran Gold and Jewelry Union’s website, it is the highest value of euro in Tehran’s market since May 2014. The highly traded currency in Tehran’s market, the US dollar, also gained against rial.  According to the union, the greenback changed hands for 38,010 rials in Tehran’s market on Thursday, which is 300 rials higher than Monday’s close. This is the highest value of US dollar in the domestic market since the beginning of the new Iranian year that started on March 21.