Rial Gaining Ground
Rial Gaining Ground
Sunday, February 25, 2018

Rial Gaining Ground in Tehran Market

Sunday, February 25, 2018

Rial Gaining Ground in Tehran Market

Rial continued its gain against the US dollar in Tehran's foreign exchange market, as the Central Bank of Iran pushed through with its rescue package to stabilize the currency that had lost a quarter of its value within six months. 
The rial was trading at 44,790 to the dollar on Saturday, strengthening from 49,000 more than a week ago. The stability comes after CBI combined its package, which includes a significant deposit rate increase, with a police crackdown on unregulated currency traders. 



Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/QeH6hH
  1. https://goo.gl/u7j85P
  • https://goo.gl/6mZ6qy
  • https://goo.gl/wo1h94
  • https://goo.gl/J3seP5
  • https://goo.gl/eFLcTh

You can also read ...

Experts believe the import ban would lead to a further rise in smuggling and market disruption.
The government has banned the import of 1,339 commodities...
CBI, Capital Market Agree to Control  Gold Coin Bull Run
As gold coin prices are skyrocketing, the Central Bank of Iran...
$1.5b in Tax Evasion Identified From Bank Accounts
About 63 trillion rials ($1.49 billion) worth of unpaid tax...
Mohammad Javad Zarif (4th L) addressed representatives of Iran Chamber of Commerce, Industries, Mines and Agriculture on June 24. (Photo: Bahareh Taghiabadi )
Foreign Minister Mohammad Javad Zarif assured the business...
Iran Explores Int’l Space Collaborations at UN Meeting
Officials with Iran Space Agency participated in the two-day...
Top US Court Restricts Police on Cellphone Location Data
The US Supreme Court on Friday imposed limits on the ability...
Beverage Can Imports at  $21 Million
More than 2,890 tons of beverage cans worth more than $21...
Xiaomi’s Hong Kong IPO
Xiaomi, one of the world’s leading smartphone makers, is...

Add new comment