Iranian parliament discusses rise of dollar rate

Holamreza Mesbahi Mogaddam, head of the Iranian parliamentary committee for economy, said that the price per dollar rocketed because the Iranian Central Bank had stopped dollar interventions 3 weeks ago, Trend reports.

The current rise of dollar rate was provoked by big difference between the bank and market rates. The Central Bank provides dollars only for essential goods and medicaments.

One dollar was worth 22810 rials at the black market on Saturday and 23850 on Sunday. A pound and a euro increased in price to 37200 rials and 30500 rials respectively, compared with 36000 rials and 29100 rials on Saturday.

Foreign sanctions stimulate purchase of dollars.