Forex Rates Rebound in Tehran Market as CBI Increases Rate

Both foreign exchange and gold markets on Monday kicked off their rallies after days of relative calm, with major foreign exchange rates registering significant gains against Iran's national currency.
According to Tehran Gold and Jewelry Union, the US dollar suddenly gained as much as 7.5% or 3,300 rials in Iran's capital to be traded for 48,230 on Monday. 
The European Union's currency climbed 2.5% or 1,350 rials and was quoted at 57,440 rials in certified exchange shops.