Financial Tribune- The two high-demand currencies, namely euro and dollar, continued their rallies on Monday to register record highs against the rial. The euro gained against rial on Tuesday to mark the European currency�s highest value in Tehran�s market since February 2013.
Euro changed hands for 50,950 rials in the open market on Tuesday to register a growth of 420 rials or 0.83% compared to Monday�s close. This is while the US dollar�s upward trend against rial also persisted to push the value of the American currency to another all-time high.
The US dollar was traded for 41,840 rials on Tuesday, which indicates a 200-rial gain compared to its previous day. Other popular foreign currencies in Tehran�s market such as Turkish lira and Emirati dirham also experienced gains of 170 rials and 40 rials on Tuesday to change hands for 11,030 rials and 11,550 rials, respectively.