According to other local media reports, licensed exchange shops offered currencies at lower rates but street traders seemed to have the upper hand in the market. The benchmark Bahar Azadi gold coin also gained nearly 1% and fetched 17.50 million rials ($360).
In response to forex market volatility, lawmakers have scheduled a meeting next week, calling for a formal explanation from President Hassan Rouhani who had in the past few months promised calm days for the Iranian currency, according to Financial Tribune.