Reuters ESSAM AL-SUDANI
The Iranian riyal resumed its rise against the US dollar with the approaching date of the inauguration of US President-elect Joe Biden, as the dollar was traded on Saturday in the parallel market at a price of 229 thousand riyals.
This came after the Iranian currency recorded 247,000 riyals to the dollar in trading Wednesday, compared to 260,000 riyals on the same day of the previous week.
The appreciation of the riyal did not stop even in light of Washington’s announcement on Friday of imposing new sanctions on Tehran, in an effort by US President Donald Trump to intensify the sanctions campaign against Iran in the last days of his term, which will end on January 20.
Source: RT
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