Foreign exchange rates in Tehran's unofficial market declined in a sign that the bull run has slowed, following the Central Bank of Iran's announcement that it will soon unveil a package of new measures.
According to reports from the unofficial market on Tuesday, the rial lay low under the mighty bubble of 110,000 to the dollar, up from 112,000 rials on Sunday.
Iran’s currency had hit a record low on Sunday, dropping past 100,000 rials to the US dollar, as Aug. 6 approaches when Washington is due to reimpose a first batch of economic sanctions on Iran.
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