In Last Fiscal: Currency Returns Outperform

A report by Tehran Chamber of Commerce, Industries, Mine and Agriculture shows the foreign exchange market recorded the highest return in the previous fiscal (March 2018-19) compared to a year earlier.

Financial Tribune- The report said one USD on average traded at 107,830 rials in Tehran's open market during the aforementioned period – up 166% compared to the same period a year earlier when the greenback hardly fetched 40,450 rials.
A euro sold for 125,590 rials on average in the last year, registering 161.2% hike year-on-year.

Publish Date: May 12, 2019