Dollar, Euro higher amid CBI effort to stabilize rates

Financial Tribune – Exchange shops in Tehran on Saturday sold the US dollar at 133,500 rials, which was up 2.7%, or 3,500 rials, compared to previous working day’s close.

According to the Tehran Gold and Jewelry Union website, the euro also posted 2.4% growth in Saturday trade with 148,500 rials.

Local media also reported an increase in the difference between the buying and selling price of foreign currencies at the moneychangers–including bank-affiliated exchange shops functioning as the Central Bank of Iran’s arm in the currency market.