TEHRAN, Oct. 29 (Xinhua) -- Iranian Central Bank Governor Abdolnaser Hemmati on Tuesday said that the Iranian currency rial has regained value against the U.S. dollars, Tasnim news agency reported.
Despite the U.S. "maximum pressure" campaign against the Islamic republic, the Iranian rial has risen in value against the U.S. dollar over the past five months, Hemmati said.
Drawing on the data collected by the bank, he hailed what he called the "downward" trend of U.S. dollar rate against rial.
In the black market on Tuesday, one U.S. dollar was traded for 111,500 rials.
Last week, Hemmati said that he had been able to strengthen the Iranian rial by 40 percent since the onset of new U.S. sanctions in the summer of 2018 that led to the currency's free fall.