Foreign currency and gold prices in Iran rose sharply on Saturday after France, Germany, and Britain triggered the UN snapback mechanism, Iranian media reported.
The US dollar climbed by about 20,000 rials from the previous day to reach 1.04 million rials on the open market. The euro and British pound also saw gains of nearly 2 percent, selling for around 1.214 million and 1.401 million rials, respectively.
Local outlets said the market is reacting to fears that renewed UN sanctions could restrict trade, freeze assets, and add pressure on inflation and imports.
