Economy, Business And Markets

CBI Reassures Forex Flow as Rally Persists

According to reports from the open market, the US dollar was being traded for as much as 138,000 rials, up from Monday’s 130,000 rials
CBI Reassures Forex  Flow as Rally Persists CBI Reassures Forex  Flow as Rally Persists
The gold coin market was also bullish on Tuesday, with the benchmark Bahar Azadi gold coin gaining 1.96% and trading for 46.80 million rials

As the intense rally persists in the foreign currency market, the Central Bank of Iran issued a statement on Tuesday to assure the public that the bank's main concern continues to be provision of essential goods for the people. 
Stressing that the bank will use all its capacities to meet the country's needs, the bank pledged to offer each greenback at the official subsidized exchange rate of 42,000 rials for importing essential goods. 
The statement, published on CBI's website, came as the rial continued its sharp slide on Tuesday. 


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