Baku, Azerbaijan, April 17
By Umid Niayesh - Trend:
Each Bahar-e Azadi gold coin was sold at the price of 9.75 million rials at Iran's free market on April 17.
Each Bahar-e Azadi gold coin was presented at the price of 9.8 million rials on Wednesday. Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
U.S. dollar was also sold at the price of 31,800 rials at the free market on April 17, while Euro was presented at the price of 43,850 rials.
U.S. dollar and Euro were traded at the prices of 32,050 and 44,100 rials on Wednesday.
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.
Iranian Central Bank has set the 25,500 rials price for Each USD, but the brokers refuse to trade the US dollar at the mentioned price.