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USD, British pound price rise at Iran’s forex center

Iran Materials 14 April 2014 12:50 (UTC +04:00)

Tehran, Iran, April 14

By Milad Fashtami - Trend:

The U.S. dollar was sold at the price of 25,497 rials at Iran's forex center on April 14.

Euro was also presented at the price of 35,314 rials, while British pound was traded at 42,672 rials, Iran's IRNA News Agency reported.

Euro, British pound and the U.S. dollar were traded at the prices of 35,394, 42,648, and 25,492 rials on April 13.

The U.S. dollar was also sold at the price of 31,300 rials at the free market on April 14, while Euro and British pound were presented at the price of 43,150, and 52,000 rials, respectively.

The 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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