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USD sold at 25,842 rials at Iran’s forex center

Iran Materials 7 July 2014 12:02 (UTC +04:00)

Tehran, Iran, Jul. 7

By Milad Fashtami - Trend:

US dollar was sold at the price of 25,842 rials at Iran's forex center on July 7.

Euro was also presented at the price of 35,105 rials, while British pound was traded at 44,308 rials, Iran's IRNA News Agency reported on July 7.

Euro, British pound and US dollar were traded at prices of 35,091, 44,283 and 25,811 on Sunday.

US dollar was also sold at the price of 31,000 rials at the free market on July 7, while Euro and British pound were presented at the price of 42,350, and 53,000 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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