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 ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Watermelon Exports  Exceed $100m
Iran exported 569,974 tons of watermelon worth $106.42 million...

Add new comment