The exchange rate for the dollar rose even higher in Tehran with every dollar being traded at 3,520 toumans on Sunday November 30 Mehr News Agency reports. ISNA reported the dollar was traded at 3560 toumans on Sunday afternoon which is the highest rate of exchange for the dollar since Hassan Rohani took power […]
Tag: currency market
Extended nuclear talks undermine currency confidence
The Iranian currency market has seen a steep rise in the price of the dollar, with each dollar being traded at 3,400 toumans, which is the highest it has traded in the current year. The exchange rate peaked two years ago at the height of the sanctions and the impasse in the nuclear negotiations, […]
Central Bank chief says Iranian rial must rise no more
Valiollah Seif, the head of Iran’s Central Bank, announced on Tuesday September 24 that the bank will not allow the Iranian currency to keep rising in value. Seif claimed that a drop in the exchange rate for the dollar could have a negative impact, and the Central Bank will not permit it to drop below […]