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Major currency exchange rates fall in Iran

Business Materials 30 December 2014 16:42 (UTC +04:00)

Baku, Azerbaijan, Dec. 30

By Fatih Karimov - Trend:

US dollar, euro and pound exchange rates fell in Iran's free market on Dec. 30, Iran's Mehr news agency reported on Dec. 30.

Euro and pound were sold at 43,400 rials and 55,300 rials, respectively, compared to 43,530 rials and 55,590 rials on Dec. 29.

Meanwhile, the Central Bank of Iran has put official rates of US dollar, euro, and pound at 27,139 rials, 32,935 rials, and 42,114 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 Ahmadinejad.

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