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.
August 05, 2018 19:24
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
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
Add new comment