Azerbaijan, Baku, July 16 /Trend/
The Central Bank of Iran reduced USD exchange rate Saturday by 6 rials to 10,552 while it traded 11,400 rials in independent foreign exchange market, IRNA reported on Wednesday.
The USD rate remained unchanged compared to last Wednesday.
The rate of euro increased by 50 rials to 16,350 rials in independent foreign exchange market while the Central Bank of Iran reduced the official price to 14,933 rials.
Cut of foreign currency supply have recently resulted in increase of dollar rate and gold coin prices on the market, however the Central Bank of Iran started to reduce USD prices to maintain the gap.