Dollar dips 4% in Tehran

Financial Tribune – The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped in to stop further deprecation of the rial.

ISNA reported that the CBI injected $55 million in hard currency into the market via its affiliate- exchangers.

The greenback went up to 205,000 rials in the middle of trading session on Tuesday before retreating back to 200,000 rials as trade closed.