Iran: Currency, gold descend after big leaps

Financial Tribune – Foreign exchange rates and gold coin prices fell on Saturday following Central Bank of Iran measures to moderate rates after a week of high volatility.

The US dollar that had leaped 9.1% the last week, lost 5.5%, or 8,000 rials and was worth 149,000 rials in Tehran’s open market. The euro’s decreased by 4.66%, to reach 162,000 rials. Emirate dirham, Turkish lira and Chinese yuan also recorded 4.25%, 5.5% and 4% decline, respectively.