After a period of calm, the US dollar is once again surging in the unofficial market along with other major currencies against the rial.
The forex rally is joining hands with gold coins to form a double whammy that heats up the market for safe haven assets.
After staying in the support level of 80,000 rials, the USD's exchange rate reportedly reached a high of 89,000 rials in the open market and Bahar...
July 22, 2018 19:17
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Fresh Forex, Gold Coin Rally in Tehran Market
On Saturday, Iran Mercantile Exchange suspended new trading at the futures market. According to market observers, the move only intensified the rally as prices soared to new heights
The appeal of safe haven assets is heightening, as the deadline for the first round of US sanctions is approaching in August
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