Market

Coin surpassed 220 million resistance; Tether approached physical dollar

Tehran's open market, in its second daily reading, pushed the rial divergence to a new level: the Emami coin climbed 1.83 percent, breaking through the psychological resistance of 220 million tomans, while the dollar rose 1.35 percent to 202,500 tomans. Tether's negative premium narrowed from 1.35 to 0.67 percent, signaling a relative return of flows to the digital channel—but this convergence occurred as the global ounce also posted a 1.08 percent gain, justifying part of the upward pressure.