Economy, Business And Markets

Forex, Gold Descend in Tehran Market

Forex, Gold Descend in Tehran MarketForex, Gold Descend in Tehran Market

The rial on Monday pared more of its losses in the open foreign exchange market and was traded at around 154,830 to the US dollar. 
According to the Tehran Gold and Jewelry Union's website, the Iranian currency gained as much as 9% against the greenback by late afternoon. 
New measures by the Central Bank of Iran in easing currency rules and optimism about Iran's Action Plan with the global anti-money laundering body, the Financial Action Task Force are said to have been effective in the latest market developments. 


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