Baku, Azerbaijan, Jan. 13
By Rahim Zamanov - Trend:
Each Bahar-e Azadi gold coin was sold at the price of 8.71 million rials on Iran's free market on Monday.
The Bahar-e Azadi gold coin was presented at the price of 8.83 million rials on Sunday.
Bahar-e Azadi coins are an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
The U.S. dollar was also sold at the price of 29,600 rials on the free market on Monday, whilst the euro was presented at the price of 40,500 rials.
U.S. dollars and euros were traded at the prices of 29,820, and 40,700 rials respectively on Sunday.
Iran's national currency the rial lost about 50 percent of its foreign exchange value in less than a week in October 2012, standing at 35,500 versus the dollar. It was close to 10,000 in early 2011.
The government has set a 28,500 rials price for the free market, but the brokers refuse to trade dollar at the aforementioned price.