Azerbaijan, Baku, Sept. 29/ Trend M. Moezzi
The U.S dollar was traded for 27,500 rials in Iran's free markets today, continuing the record price increase, which began last week.
The euro's value stood by 35,700 rials while the British pound was sold for 44,500 rials, Mehr news agency reports.
The price of new designed Bahar Azadi gold coin was over 10.1 million rials (equals to $899 based on USD official rate). Bahar Azadi gold coin of old was valued at $897. The Central Bank of Iran mints and sells the gold coins.
The Iranian government officially launched the Iranian Forex Center on Monday in an effort to stop the rial's (Iran's national currency) plunge in value. The new foreign exchange centre allows importers of goods, including truck tires, construction equipment and synthetic fibers, to buy dollars two per cent cheaper than the street rate at any given time.
The dollar's official exchange rate, set by the Central Bank of Iran, amounts to 12.260 rials, which is 15,240 rials less than the free market rate.