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USD price falls, euro price rises at Iran’s forex center

Business Materials 6 September 2014 23:25 (UTC +04:00)

Tehran, Iran, Sept. 6

By Milad Fashtami - Trend:

US dollar was sold at the price of 26,616 rials at Iran's forex center on September 6.

Euro was also presented at the price of 34,475 rials, while British pound was traded at 43,465 rials, Iran's ISNA News Agency reported on September 6.

Euro, British pound and US dollar were traded at the prices of 34,985, 43,800, and 26,611 rials on Thursday.

US dollar was also sold at the price of 31,170 rials at the free market on September 6, while Euro and British pound were presented at the price of 41,650, and 51,950 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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