Currency, gold at new high in Tehran market

Financial Tribune – The foreign exchange market heated up again on Monday to post fresh records for the US dollar and other major currencies as they gained considerably against the plummeting rial.

The dollar was traded for 156,790 rials in Tehran’s open market, another “super-resistance” level to be broken since the rial’s freefall began six months ago.

The greenback gained close to 5% on the rial in late trading, according to Tehran Gold and Jewelry Union’s website. The euro was traded for 183,890 rials.