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March 5, 2013 10:08 am

Iranian Rial Strengthens After Nuclear Talks

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Iranians in Tehran protest the country's elections in June 2009, in which reformist Mir-Hossein Mousavi was defeated. Four years later, the newest presidential candidate seeking reform in Iran is Dr. Hooshang Amirahmadi. Photo: Wikimedia Commons.

Al Arabiya – The Iranian currency jumped about 9 percent against the U.S. dollar because of apparent government intervention and a positive tone at nuclear talks between Iran and world powers, currency websites and Iranian media reported on Monday.

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

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