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US dollar, pound and euro fall in Iran’s free market

Business Materials 26 December 2014 12:40 (UTC +04:00)

Baku, Azerbaijan, Dec. 26

By Fatih Karimov - Trend:

US dollar, pound and euro exchange rates fell on Iran's free market on Dec. 25 compared to Dec. 24.

US dollar was sold at 35,400 rials in Iran's free market on Dec. 25, a 450-rial decrease compared to Dec. 24.

Euro and pound were sold at 43,620 rials and 55,300 rials, respectively, compared to 44,000 rials and 55,750 rials, respectively, Iran's Mehr news agency reported on Dec. 26.

Meanwhile, the Central Bank of Iran has put official rates of US dollar, euro, and pound at 27,072 rials, 33,054 rials, and 42,116 rials, respectively.

During ex-President Mahmoud Ahmadinejad's second term, Iran's rial lost its value by about four times.
Each US dollar was sold at 9,830 rials in 2009, but the figure reached 36,000 in mid-2013, when Hassan Rouhani replaced Mahmoud Ahmadinejad.

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