USD rate breaks second new record in Iran in two days

USD rate breaks second new record in Iran in two days

Azerbaijan, Baku, Sept. 26/ Trend M. Moezzi

The dollar was being sold for 26,700 rials in Tehran's free currency market, while the price of a gold coin surpassed 10.06 million rials on Wednesday morning.

The USD rate had broken new record, reaching at 26,500 rials last day.

The euro's exchange rate was 34,440 rials, the pound's 43,000 rials and the dirham's was 7300 rials on Wednesday, Mehr news agency reports.

Both the old and new design Bahar Azadi gold coins, minted and sold by the Central Bank of Iran, were fetching a little over 10 million rials on the market.

A year ago, old design Bahar Azadi gold coins cost 3.1 million rials. The dollar was being traded at 10,040 rials on the free market at the start of last year.

Currently, the dollar's official exchange rate (reference rate) set by the Central Bank of Iran is 12,260 rials which differs from the free market rate by 14,240 rials, more than the officially set rate itself.

Tags: Iran