Dollar on the rise in Iran
Baku, Azerbaijan, Sept. 1
By Khalid Kazimov -- Trend:
After the nuclear deal, the US dollar has gone up in value against the Iranian rial.
The US dollar went beyond the 34,000-rial limit for the day again after a few months, IRNA news agency reported September 1.
Compared to two days earlier, to be sold the dollar saw an increase of 230 rials to be sold at 34,050 rials. The euro also jumped by 500 rials to be sold at 38,500 rials.
Also, the full Bahar Azadi gold coin went up in price by 10,000 rials to be sold at 9,200,000 rials.
Head of the Gold and Jewelry Association of Iran Mohammad Kashtiaray said the rise comes in response to a global gold hike, increasing demand for gold inside Iran.
The July 14 agreement on Iran 's nuclear program had lowered the prices to some extent. At that time Kashtiaray said the prices had hit their lowest level in three years.
On the very day the deal was struck, the US dollar went as low as 31,800 rials, only to jump to 32,450 the next day.
Edited by CN