US dollar gains against Iranian currency amid new sanctions
Baku, Azerbaijan, July 29
By Khalid Kazimov – Trend:
The rate of US dollar against Iran’s national currency, dollar, in the Islamic Republic’s free market has increased by 0.59 percent since July 25 when the US House of Representatives passed new sanctions against the Islamic Republic.
The rial was quoted at 37,901 to the US dollar on Saturday at the free market, gaining 0.59 percent against the greenback compared with Tuesday’s close, according to Tehran Gold and Jewelry Union’s website.
In the meantime, the Central Bank of Iran put the value of rial against the US dollar at 32,720 on Saturday, indicating 0.08 percent increase compared to July 25.
This is while the rial fell against major currencies in the week ending July 27.
The US House of Representatives voted overwhelmingly on Tuesday to slap new sanctions on Iran, Russia and North Korea but the bill in order to become a law needs to be signed by President Donald Trump.