Tehran Market: Forex and Gold Surge Again

Currency rates and gold prices continued their steady rise in Tehran amid a bull run in the stock market. On Monday the US dollar climbed above the resistance level of 140,000 rials for the first time in the current calendar year that began on March 21.
The euro was traded for 160,000 rials, up from Sunday's 156,000 rials. Governor of the Central Bank of Iran Abdolnasser Hemmati on Sunday had stressed the need for a stable forex market as a prerequisite for businesses to plan their future course of action in a calm economic environment. 
He said the current forex rates are far from" real" and would not last long.