Currency, stocks extend gains in Tehran

Financial Tribune – Currency rates rose in Iran’s market on Wednesday, extending concerns about fluctuations that began in early November.

The US dollar fetched 127,000 rials, gaining more than 2,000 rials, or 2%, against the rial. This is the highest rate for the greenback since July 10, according to the Tehran Gold and Jewelry Union website.

The website reports on the currency prices quoted by the moneychangers affiliated to the Central Bank of Iran.

One euro was sold for more than 141,000 rials and the UK pound sterling fetched 165,000 rials.