Thu, Nov 27, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Iranian currency shows signs of recovery amid nuclear talk optimism

Posted on 11 November 2013

The dollar’s rate of exchange against the Iranian currency rial fell below 30,000 rials on Saturday November 9.The Mehr News Agency reports that foreign currency traders sold the dollar at 29,950 rials today on the open market, and similar declines in other currencies’ exchange rates were also reported.
The report indicates that the rise in the value of the national currency appears to be a result of optimism about the direction of nuclear talks in Geneva.Iran’s national currency has fallen in value significantly in recent years as a result of international sanctions and pessimism about the country’s economic situation………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30