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Its almost over...Iranian Money Changers Association, a state-licenced body, instructed its members to sell dollars at 28,500 rials,
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rial doom..even there own licensed money changers quote...
Authorities attempted to revive trade on Saturday by dictating a rate. The Iranian Money Changers Association, a state-licenced body, instructed its members to sell dollars at 28,500 rials, Mehr news agency quoted a trader as saying. That was much stronger than the record low of 37,500 early this week.
But dealers in Tehran and Dubai told Reuters there was almost no trade because the rates indicated by state bodies were not commonly accepted in the market.
Money changers in Tehran "tell us not even to call them to ask the price of currency. They say they are not giving rates," said a merchant in the capital.
[link to www.dailystar.com.lb]
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