...

Iran's foreign currency rate drops

Business Materials 2 October 2012 16:08 (UTC +04:00)
Iran's currency rates have dropped in the second half of Tuesday, and continue to drop, Mehr news agency reported.
Iran's foreign currency rate drops

Azerbaijan, Baku, Oct. 2 /Trend S.Isayev, T. Jafarov/

Iran's foreign currency rates have dropped in the second half of Tuesday, and continue to drop, Mehr news agency reported.

In the first half of the day, the dollar price at Tehran markets cost 36,500 rials, while now the rate has come down to 32,600 rials.

The Europ price has dropped as well, currently standing at 43,000 rials, compared to 47,200 rials earlier.

British pound fell from 55,800 rials to 52,100 rials.

Meanwhile, the price on a single Bahar Azadi coin has increased to 1,200,000 rials today compared to 1,190,000 rials in the morning. Gold coins are minted and sold by the Central Bank.

Iran's national currency -rial - has lost its 17 percent of value yesterday. A USD was sold at 29, 700 rials in the morning, but sharply increased to 35, 500 rials by the evening.

As a result of the rapid drop, as much as 660 trillion rials in cash assets of country's citizens were lost yesterday evening.

Tags:
Latest

Latest