Currencies Hold Climbing | Monetary Tribune


Foreign exchange rates in the unofficial market extended their one-week gains against the rial, hitting new highs on Thursday.
The dollar traded as high as 308,000 rials, up more than 3% from the previous day. Triggered by inflation expectations, the US currency has appreciated by more than 8% in one week.
The Central Bank of Iran says the new market volatility is being driven by excitement and inflation expectations rather than fundamental market factors like insufficient supply.


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