Iran currency market relatively calm

Financial Tribune – The rial has been keeping relatively steady since the reimposition of US sanctions last week, a fact reflected in official comments in Tehran that much of the impact of the sanctions have already been baked in.

On Sunday the national currency gained slightly against the dollar with the exchange rate falling below the support level of 140,000 rials. The rial was traded at 161,000 rials to the euro down from the previous day’s 164,000.