USD price continues to rise at Iran's Forex Centre

Business Materials 12 December 2012 12:26 (UTC +04:00)

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

U.S. dollar was sold at the price of 24,585 rials at Iran's Forex Centre on Wednesday. The euro was also presented at 31,974 rials, the ISNA News Agency reported.

The dollar and euro were traded at the prices of 24,583 and 31,826 rials, respectively on Tuesday.

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

The centre allows importers of goods including truck tyres, construction equipment and synthetic fibres to buy dollars at a rate of two per cent 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.