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Euro, British pound prices rise at Iran’s forex center

Business Materials 9 April 2014 12:46 (UTC +04:00)

Tehran, Iran, April 9

By Milad Fashtami - Trend:

US dollar was sold at the price of 25,500 rials at Iran's forex center on April 9.

Euro was also presented at the price of 35,165 rials, while British pound was traded at 42,704 rials, Iran's IRNA News Agency reported.

Euro, British pound and US dollar were traded at the prices of 35,050, 42,370, and 25,501 rials on April 8.

US dollar was also sold at the price of 31,200 rials at the free market on April 9, while Euro and British pound were presented at the price of 43,000, and 51,500 rials, respectively.

The foreign exchange center was officially inaugurated on September 24, 2012.

The center allows importers of goods including truck tires, construction equipment and synthetic fibers to buy dollars at a rate of 2 percent cheaper than the street rate at any given time.

According to the center's spokesman Samad Karimi, Iran's forex center has the capacity to trade over $100 million each working day.

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