Financial Tribune - Currency rates are rising unabated in Tehran with exchange bureaus affiliated to, and working for, the Central Bank of Iran again the increased the dollar rate by 3.65% on Sunday after the 10% rise a day earlier.

These moneychangers for the second session in a row officially raised the dollar price by 7,610 rials on Sunday to 216,460 rials.

The latest CBI-engineered surge is with the declared aim of �reducing the price difference with unofficial rates quoted by currency dealers in the open market.�

It was reported that the regulator was �forced to increase the dollar rate� by 20,000 rials on Saturday to eliminate the �price arbitrage� that went up as high as 17,000 rials.