Tehran, Iran, Nov. 29
By Milad Fashtami - Trend:
U.S. dollar was sold at the price of 33,600 rials at the free market on November 29.
Euro and British pound were also presented at the prices of 41,560 and 52,000 rials.
U.S. dollar, euro, and British pound were traded at the prices of 33,150, 41,600, and 52,050 rials, respectively, on Nov. 27.
There no trades on Nov. 28.
The rise in the exchange rate of US dollar at Iran's free market follows the extension of nuclear talks between Tehran and the P5+1 group of countries for another seven months.
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.