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USD Uptrend Continues in Tehran Market

USD Uptrend Continues USD Uptrend Continues

September has been yet another bullish month for the US dollar in Iran’s foreign exchange market. On Tuesday, the greenback once again gained against rial to reach its highest value since the beginning of the new Iranian year (started March 21). According to Tehran Gold and Jewelry Union’s website, US currency changed hands for 39,130 rials in Tehran’s open exchange market, marking an increase of 130 rials compared with Monday’s close. The Central Bank of Iran fixed the official greenback’s rate at 33,393 rials. Euro, the other high-demand currency, registered a 20-rial drop compared with Saturday’s close and changed hands for 47,640 rials. This is the fifth consecutive day euro is losing against rial after its recent bull run in Tehran’s market. 

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