Iran cenbank says to stabilise rial vs dollar
The rial dropped to 12,200 to the dollar on Wednesday on the open market amid speculation about a scarcity of dollars in a country under international sanctions.
September 30, 2010 3:40 by Reuters
The Central Bank of Iran aims to stabilise the currency, which suffered a sudden drop in value in recent days, to a “normal” exchange rate with the U.S. dollar by next week, the bank’s governor said on Thursday.
“By next week the price of the currency will get back to its normal market rate of 10,600 rials,” Mahmoud Bahmani told the semi-official Mehr news agency in an interview. The rial dropped to 12,200 to the dollar on Wednesday on the open market amid speculation about a scarcity of dollars in a country under international sanctions.
More on GCC
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
-
Dubai looking at alternatives to repay debt
-
Two more die in Saudi Arabia from SARS-like virus – WHO
-
Alwaleed’s Kingdom on the prowl
-
Qatar Airways now looks to Airbus
-
World’s Longest-Range Passenger Jet
Lately on Kipp
-
Arabtec workers: strike will continue
-
Starcom MediaVest Group Elevates Rayan Karaky to Chief Digital Officer, MENA and Emerging Markets
-
CANALI’S EXCLUSIVE “SU MISURA” EVENT FOR PERSONALIZED MENSWEAR IN THE UAE
-
Plextor launches new SSD with Stunning True Speed Performance
-
Dubai Duty Free wins DFNI Asia/Pacific Award for “Middle East Travel Retailer of the Year”
-
Sovereign art gallery opens at Jumeirah Lakes Towers
