Foreign exchange rates in Tehran's unofficial market declined in a sign that the bull run has slowed, following the Central Bank of Iran's announcement that it will soon unveil a package of new measures.
According to reports from the unofficial market on Tuesday, the rial lay low under the mighty bubble of 110,000 to the dollar, up from 112,000 rials on Sunday.
Iran’s currency had hit a record low on Sunday, dropping past 100,000 rials to the US dollar, as Aug. 6 approaches when Washington is due to reimpose a first batch of economic sanctions on Iran.
July 31, 2018 19:16
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Forex, Gold Bull Run Slows Ahead of New CBI Package
In the gold coin market, which has turned into a popular safe haven for investors, the gold coin decreased in value with the benchmark Bahar Azadi fetching 39 million rials
The slowdown in the rallies could be ascribed to the news that the Central Bank of Iran with a green light from the government is preparing to change the foreign exchange policy
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