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USD sold at 26,612 rials at Iran’s forex center

Iran Materials 31 August 2014 14:31 (UTC +04:00)

Tehran, Iran, Aug. 31

By Milad Fashtami - Trend:

U.S. dollar was sold at the price of 26,612 rials at Iran's forex center on Aug. 31.

Euro was presented at the price of 34,947 rials, while British pound was traded at 44,182 rials, Iran's IRNA news agency reported on Aug. 31.

Euro, British pound and U.S. dollar were traded at the same prices on Saturday.

U.S. dollar was also sold at the price of 31,620 rials at the free market on August 31, while Euro and British pound were presented at the price of 41,700, and 52,200 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 each working day.

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