Tehran, Iran, January 29
By Mehdi Sepahvand – Trend:
Iran’s exchange and gold market is returning to normal situation after days of oscillation, Trend correspondent reported from Ferdowsi Sq., Tehran’s exchange and gold coin market, January 29.
The gold coin stood at 11,740,000 rials, down from 15,000,000 rials in the week that followed the January 19 collapse of the Plasco Building in the vicinity, following which most exchange houses closed due to special traffic rules.
Also, the US dollar was sold at 38,700 rials in the free market, while it used to hover around 39,500 a week ago. The official USD value was set at 32,360 rials by the Central Bank of Iran.
The dollar started to rise against the rial from circa 35,000 rials in October, and went so far to approximate 42,000 rials late December. Officials said high seasonal demand, foreign accounts liquidation season, and lowering exchange contribution from the petrochemical sector had caused the surge in the value of the dollar against the national currency.
