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Euro price rises at Iran's forex center

Business Materials 5 December 2012 13:24 (UTC +04:00)

Azerbaijan, Baku, Dec.5 /Trend F.Milad/

Euro was sold at the price of 32,219 rials at Iran's forex center,while the U.S. dollar was sold for 24,573 rials on Wednesday, the IRNA News Agency reported.

It is while U.S. dollar and euro were traded at the price of 29,180 and 38,600 rials at Iran's free market on Tuesday.

Each Azadi gold coin was also sold at the price of 11.78 million rials in the free market. Each ounce of gold was priced at $1707 in international markets on Tuesday.

The new foreign exchange center was officially inaugurated on September 24 and some 86,000 applications have been registered at the center.

The new center allows importers of goods including truck tires, construction equipment and synthetic fibers to buy dollars at a rate 2 percent cheaper than the street rate at any given time.

The government maintains an official reference rate of 12,260 rials to the dollar, but only a limited amount of foreign exchange is available at this rate.

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