27 Nov 2024
Wednesday 19 February 2020 - 16:54
Story Code : 370614

Currency at new low; Iran's CB says will defend Rial

Financial Tribune - Major currencies soared in Tehran on Tuesday amid new concerns among market participants about a decision by the Financial Action Task Force on Iran by the weekend.

The US dollar was worth 14,440 rials in Tehrans open market, up 2,500 rials compared to Mondays close. One Euro bought 15,600 rials.

Currency prices have been rising over the past several days as the FATF, the international money-laundering watchdog, gets ready to decide whether or not to put Iran on its dreaded blacklist.
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