Forex, gold move higher in Tehran

Financial Tribune – After a brief halt on Thursday, forex rates resumed rally at the start of the trading week on Saturday with the dollar gaining more than 5,000 rials in Tehran’s open market.

The greenback surged to 247,000 rials — up more than 2% compared to 242,000 rials a session earlier.

Other currencies were soon to follow. The euro climbed 1.7% and was worth 292,000 rials. The British pound sterling surged to 327,700 rials and the UAE dirham bought 67,150 rials, up 1.3%.

Foreign currencies paused briefly on Thursday after the Governor of the Central Bank of Iran Abdolnasser Hemmati said hard currency would be injected into the market.