USD rates reach higher record in Iran

Business Materials 20 December 2011 15:42 (UTC +04:00)

Azerbaijan, Baku, Dec. 20 / Trend S.Isayev, T. Jafarov/

USD rates in Iran have gone up to rials for $1 in the open market.

Each US dollar was sold at 15000 rials on Iran's free market on Tuesdat, showing 750 rials rise compared to the day before, according to the ISNA news agency.

This is while the Central Bank of Iran sells dollar at 11,005 rials at its branches nationwide.

USD rate has increased by up to 45 percent since the beginning of current solar year, starting on March 21.