Forex Rally Intensifies in Tehran Market

The foreign exchange market intensified its rally on Monday, with the rial dropping to new lows against most major currencies. 
According to reports from currency exchange houses and the unofficial market, the US dollar traded at 128,500 rials. 
On the website Sana, which reports the average exchange rates from the exchange bureaux, the exchange rate was 98,292 rials. Sana's exchange rate tends to tilt toward the secondary market rate that is lower than the physical trade rate.