Economy, Business And Markets
0

Iran Foreign Exchange and Gold  Market Volatility Subsides

According to reports from the unofficial market, the dollar was trading at about 99,000 rials in the afternoon, from around 102,000 rials the day before
Forex Market Volatility Subsides Forex Market Volatility Subsides
Local news media reported that CBI Governor Abdolnasser Hemmati is to brief the public on the much-touted plan late Sunday in a prime-time news program

Rial rebounded on Sunday, in anticipation of Central Bank of Iran Governor Abdolnasser Hemmati's announcement of the new plan to calm forex market volatility that has seen Iranian currency sink to a series of record lows. 
According to reports from the unofficial market, the dollar was trading at about 99,000 rials in the afternoon, from around 102,000 rials the day before. It also marks the rial's strengthening below 100,000 per US dollar since it crossed that resistance level last Sunday.
Local news media reported that Hemmati is to brief the public on the much-touted plan late Sunday in a prime -time news program. 
Earlier, First Vice President Es'haq Jahangiri had said Hemmati would unveil the plan on Monday. 

Premium

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.

Add new comment

Financialtribune.com