Economy, Business And Markets

US Dollar Up Again

US Dollar  Up Again
US Dollar  Up Again

The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in both the open and official markets on Thursday afternoon. The greenback was traded for 38,260 rials and 32,771 rials in the open and official markets respectively. According to Tehran Gold and Jewelry Union’s website, euro, another high-demand currency in Tehran’s market, registered a 110-rial growth compared with the previous day’s close. The rial was quoted at 45,860 to the euro. Other high-demand currencies in Tehran’s market, namely Turkish lira and Emirati dirham, which traders significantly use in transactions with these countries, also witnessed growth.  Lira and dirham changed hands for 11,310 rials and 10,550 rials, respectively. On August 3, the benchmark Azadi gold coin along with Half Azadi held steady. Azadi and Half Azadi coins fetched 11,840,000 rials ($309) and 6,365,000 rials ($167) respectively. Emami and Quarter Azadi fell by 8,000 rials and 10,000 rials to reach 12,196,500 rials ($319) and 3,785,000 rials ($99) respectively.

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