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Dollar prices rise to new record after Iranian president's conference

Business Materials 3 October 2012 11:10 (UTC +04:00)
Dollar prices at Iranian markets have risen to new heights after yesterdays conference of Iran's president Mahmoud Ahmadinejad, ILNA reported.
Dollar prices rise to new record after Iranian president's conference

Azerbaijan, Baku, Oct. 3 /Trend S.Isayev, T. Jafarov/

Dollar prices at Iranian markets have risen to new heights after yesterdays conference of Iran's president Mahmoud Ahmadinejad, ILNA reported.

After Iran's president held the Tehran press-conference, the dollar price started to grow, reaching 36, 200 rials.

On Monday, a USD was sold at 29, 700 rials in the morning, but sharply increased to 35,500 rials by the evening. As a result of the rapid drop, as much as 660 trillion rials in cash assets of country's citizens were lost on Monday evening.

After the press conference the dollar prices at Iran' open markets risen up by 3000 rials, reaching 36,200 rials per dollar.

Today morning the dollar prices were not available at Iran's online currency rate websites. British pound is currently being exchanged at 58,100 rials per pound, and Euro is being exchanged at 47,100 rials per one Euro.

Mahmoud Ahmadinejad, speaking at Tehran press-conference yesterday said tha the Central Bank of Iran will eventually sort out this problem of jumping currency rates.

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