September 30, 2010
Iran Says Dollar-Rial `Market Rate' to Weaken by Next Week, Mehr Reports
Iranian Central Bank Governor Mahmoud Bahmani said today that the U.S. dollar will slide to a “market rate” of 10,600 rials by next week, state-run Mehr news agency reported. The “market rate” is 12,100 rials today, according to the economic newspaper Donya-e Eqtesad. Today’s official rate is 10,198 rials, according to the bank’s website.
The lowest official dollar-rial rate in the past year was 9,834 on March 18, while the highest was 10,507 on June 7, according to the bank’s website.
Mehr yesterday cited Vice President Mohammad Reza Rahim as saying the bank will offer buyers unlimited amounts of foreign currency and gold starting today, as prices rose.
http://www.bloomberg.com/news/2010-09-30/iran-says-dollar-rial-market-rate-to-weaken-by-next-week-mehr-reports.html
