Iran: dollar trading at nearly 40,000 rials

The dollar saw a surge on Sunday in Tehran markets selling at 39,500 rials. This is a 1,000 rial increase in comparison to Saturday, reaching the important 40,000 mark.
“The government is the main consumer of currency and dollars, and the Central Bank is seeking to compensate its own deficit and other problems,” said a spokesman of the Economics Commission in Iran’s so-called parliament, dubbing the Central Bank as the main element of concern for the rise in the price of the dollar and currency.
A currency exchange storeowner in Tehran said it is highly likely the dollar will surpass the 40,000 rial mark, especially considering the current political instability seen in Iran.