Iran: Exporters blamed for rise in currency prices

Financial Tribune – Major currencies hit six-month highs on Thursday as the US dollar was heading toward the resistance level of 130,000 rials.

The greenback climbed above 128,000 rials for the day and was traded higher at about 130,000 rials in Tehran’s black market.

According to the government news outlet IRNA, recent turmoil in the foreign exchange market is being blamed on a group of non-oil exporters who failed to repatriate their overseas earnings on the market.

The same reason was earlier made known by the governor of the Central Bank of Iran Abdolnaser Hemmati.