Currencies, Gold Little Changed
EghtesadOnline: Forex and gold prices saw meager growth on Monday except for the Turkish lira that posted another significant drop during the day.
Moneychangers sold the dollar at 301,000 rials slightly higher than the previous day's 300,000 rials. The euro bought 338,520 rials in Tehran's free market. It closed at 337,549 rials on Sunday.
The Turkish currency continued to slide losing 7% to buy 17,000 rials. According to Bloomberg, the lira weakened more than 8% to break past 18 to the dollar Monday in global markets, heading for a fifth day of declines. It has lost half its value over the past three months, the biggest retreat of any currency in the world over that period.
TGJU data shows the lira has lost 20.6% in Tehran’s market in one week and plunged 33.3% in one month.
The UK pound sterling gained 0.68% and was traded at 400,380 rials, TGJU reported. The Emirati dirham posted 0.89% growth to finish the day at 82,500 rials.
Bank-affiliated moneychangers, seen as an arm of the Central Bank of Iran for controlling forex prices, quoted the dollar at 274,010 rials, down 0.15% on Sunday's close. They tagged the euro at 307,070 rials -- 0.33% lower than the previous day.
Gold coin prices also recorded slight increase on Monday. Emami Gold Coin gained 0.6% to be sold at 130 million rials.
Half Bahar Azadi and the Quarter Bahar Azadi gold coins were unchanged at 67.5 million rials and 37.5 million rials, respectively.