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USD exchange rate remains high in Iran

Business Materials 5 July 2011 17:06
USD exchange rate remains high in Iran

Azerbaijan, Baku, July 5 /Trend/

Despite new policies from the Central Bank of Iran to reduce the USD exchange rates, the USD rate continues increasing, Iranian daily Donya e Eqtesad reported.

The Central Bank of Iran (CBI) reduced the USD exchange rate slowly in recent days, while the Governor of CBI promised to reduce USD rate to 10,000 rials. Meanwhile, the USD rate reached 12.000 rials on independent foreign exchange market.

The official USD rate has reduced to 10,610 rials, while this figure is 12,000 rials on independent foreign exchange market.

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