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USD rises, Euro falls at Iran’s forex center

Business Materials 23 September 2014 16:13 (UTC +04:00)

Tehran, Iran, Sept. 23

By Milad Fashtami - Trend:

US dollar was sold at the price of 26,653 rials at Iran's forex center on September 23.

Euro was also presented at the price of 34,247 rials, while British pound was traded at 43,672 rials, Iran's Fars News Agency reported on September 23.

Euro, British pound and US dollar were traded at the prices of 34,276, 43,691, and 26,648 rials on Monday.

US dollar was also sold at the price of 31,172 rials at the free market on September 23, while Euro and British pound were presented at the price of 41,800, and 51,820 rials, respectively.

Iran's 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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