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The USD exchange rate falls sharply in Tehran

Business Materials 24 July 2011 17:48
The USD exchange rate reduced sharply to 11,320 rials in independent foreign exchange market while the Central Bank of Iran's official price remained unchanged, Mehr News Agency reported.
The USD exchange rate falls sharply in Tehran

Azerbaijan, Baku, July 24 /Trend/

The USD exchange rate reduced sharply to 11,320 rials in independent foreign exchange market while the Central Bank of Iran's official price remained unchanged, Mehr News Agency reported.

The official price of USD exchange rate on Sunday remained 10,540 rials while it reduced by 80 rials to 11,320 rials in independent foreign exchange market.

The rate of Euro reduced by 100 rials to 16,400 rials in independent foreign exchange market and remained 15,130 rials in official market.

The price of gold coin dropped slightly to 4.250 million rials (about $380).

Bahar-e Azadi Coin is an Iranian gold coin minted by the Central Bank of Iran (CBI).

The Central Bank of Iran started to reduce USD prices to maintain the prices however the gap between independent foreign exchange market and official USD rate increased.

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