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U.S. dollar falls to 25,150 rials in Iran

Business Materials 18 September 2012 16:16 (UTC +04:00)

Azerbaijan, Baku, Sep.17/ Trend F.Milad/

U.S. dollar was traded at 25,150 rials in Iran's unofficial market on Tuesday, compared to 25,250 rials on Monday, the Mehr news agency reported.

Pound and Euro were also traded at 41,000 rials and 33,000 rials, respectively, unchanged compared to the day before.

Each ounce of gold was sold at 1758 dollars in international markets, compared to 1769 dollars on Monday.

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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