Forex shoots higher in Tehran market

Financial Tribune – The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank of Iran.

The moneychangers traded the dollar at 170,230 rials, up 2,300 rials, or 1.4%, compared to Saturday’s close.

Each euro at the CBI forex bureaus were sold for 184,200 rials, 1.2% higher than the rates quoted Saturday, according data at Tehran Gold and Jewelry Union website.