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Euro, USD prices rise at Iran’s forex center

Business Materials 14 July 2014 10:39 (UTC +04:00)

Tehran, Iran, Jul. 14

By Milad Fashtami - Trend:

US dollar was sold at the price of 25,937 rials at Iran's forex center on July 14.

Euro was also presented at the price of 35,283 rials, while British pound was traded at 44,391 rials, Iran's IRNA News Agency reported on July 14.

Euro, British pound and US dollar were traded at the prices of 35,244, 44,327, and 25,901 rials, respectively, on Sunday.

US dollar was also sold at the price of 31,370 rials at the free market on July 14, while Euro and British pound were presented at the price of 42,800, and 53,400 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 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 dollars each working day.

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