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U.S. dollar price rises to 21,540 rials in Iran

Business Materials 12 August 2012 15:11 (UTC +04:00)
U.S. dollar price rises to 21,540 rials in Iran.

Azerbaijan, Baku, Aug.12/ Trend F.Milad/


U.S. dollar was traded at 21,540 rials in Iran's unofficial market on Sunday, compared to 21,050 rials on Saturday, the Mehr News Agency reported.

Pound and Euro were also traded at 33,700 rials and 26,400 rials, respectively.

Each ounce of gold was sold at 1621 dollars 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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