Iranian rial rallies after 'positive' nuclear talks

March 4, 2013 17:59


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

DUBAI - Iran's currency has jumped about 9 percent against the dollar over the past two days due to government intervention and Tehran's positive view of nuclear talks last week, currency websites and Iranian media reported on Monday.

The rial traded at around 32,500-33,500 to the dollar in the free market on Monday, compared with about 36,300 on Sunday, the media reports said.

The currency lost more than half its value last year, hitting record lows, as it was battered by US and European economic sanctions on Tehran which slashed Iran's oil revenues.

The rial has regained some strength in the past week. It rose about 2 percent last Wednesday after talks on Iran's disputed nuclear program with a group of world powers, known as the P5+1, ended in Almaty, Kazakhstan with an agreement to meet again.

Related Content

Breaking news
July 16, 2018
Violent Nicaragua protests claim another 10 lives -rights group