Other major currencies, namely the euro and the British pound, also gained on Wednesday, with the former rising by 1% to reach 58,250 rials and the latter being traded for close to 67,000 rials.
In the gold market, the benchmark Bahar Azadi gold coin which had lost more than 3% of its value in previous days, regained some ground as it was traded for almost 15 million rials ($325) by Wednesday’s market close, according to Financial Tribune.