Iran central bank governor warns speculators they face losses betting against rial:
"Iran’s central bank chief on Monday warned investors speculating on the fall of the rial that they were heading for losses because his bank could control the foreign exchange market and the currency was likely to rebound in the next couple of months. Goveror Valiollah Seif was quoted by Iran’s Tasnim news agency as the rial sank to record lows versus the dollar, pulled down in part by concern about the fate of Tehran’s nuclear deal with world powers. ”Those who are investing their resources in foreign exchange will suffer losses in the end,” Seif said, adding that rising oil prices had given Iran more resources to support its currency."
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