Can’t guarantee this is the most recent-est update. I saw this probably last night or this morning so it’s not freshest but hope it’s still not so old - and hope not so out of accuracy.
The open forex market in Tehran was still largely paralysed, four days after Iran’s national currency dropped more than 40 per cent prompting protests in the capital’s symbolic Grand Bazaar.
Most official exchange shops were open in downtown on Sunday but refused to conduct any business at a rate of about 28,000 rials per US dollar, set by the Central Bank on Saturday in a bid to curb the currency’s plunge.
The main specialised websites tracking transactions on the market did not post any rates.
The few transactions happening under the table, however, were in the range of 30,000 and 32,000 rials per US dollar, witnesses said.
The US dollar rate being imposed on Saturday sought to strengthen the rial by 25 per cent after it plunged 40 per cent in value this week to around 36,000 in trade on Wednesday. But money changers froze all transactions, arguing they would lose money.