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U.S. dollar unchanged at 20,160 rials in Iran

Business Materials 4 August 2012 16:19 (UTC +04:00)

Azerbaijan, Baku, Aug.4/ Trend F.Milad /

U.S. dollar was sold at 20,160 rials in Iran's unofficial market on Saturday, unchanged compared to Thursday.

Euro and Pound were sold at 25,000 rials and 31,510 rials, respectively, according to the Mehr News Agency.

Each ounce of gold was priced at $1604 in international markets.

Iran's central bank allowed trading in its currency at market levels after fixing the exchange rate in January as the threat of sanctions over the country's nuclear program and economic risks spurred Iranians to buy up dollars.

The bank on January 26 fixed the rate at 12,260 after the U.S. dollar surged to almost double that level in unofficial currency markets.

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