TEHRAN, Iran, Aug.18
Trend:
The USD rate is predicted to increase in Iran's foreign currency market that would affect other markets, said a university professor and Iran's economic analyst.
In recent days USD rate has increased to 260,000 rials and the following rise has caused the surge of foreign vehicles from 500 million rials to 1 billion rials, Vahid Shaghaghi told Trend in an interview.
"The capital market has also had a positive trend due to the increase in the dollar exchange rate, as the increase in the dollar exchange rate has caused the price of assets and the value of companies to rise," he indicated.
"In the current situation and halt of Vienna negotiation, we should wait that the price of properties would rise in coming months alongside a surge of commodity and services prices," Shaghaghi said responding to whether the USD rate continues to increase based on Vienna negotiations.