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USD price continues to soar at Iran’s free market

Iran Materials 21 April 2014 15:06 (UTC +04:00)

Tehran, Iran, April 21

By Milad Fashtami - Trend:

Each Bahar-e Azadi gold coin was sold at the price of 9.76 million rials at Iran's free market on April 21.

Each Bahar-e Azadi gold coin was presented at the price of 9.80 million rials on Sunday.

Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).

U.S. dollar was sold at the price of 32,250 rials at the free market on April 21, while Euro was presented at the price of 44,400 rials.

U.S. dollar and Euro were traded at the prices of on 31,800 and 44,000 rials on Sunday afternoon.

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 the 28,500 rials price for the free market but the brokers refuse to trade dollar at the mentioned price.

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