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USD price continues to rise at Iran's forex center

Business Materials 15 December 2012 14:09 (UTC +04:00)

Azerbaijan, Baku, Dec.15 /Trend F.Milad/

U.S. dollar was sold at the price of 24,589 rials at Iran's forex center on Sunday.

Euro was also presented at 32,150 rials, the IRNA News Agency reported.

Dollar and euro were traded at the prices of 24,587 and 31,970 rials, respectively on Saturday.

The new foreign exchange center was officially inaugurated on September 24. Some 10,175 applications have been registered at the center so far.

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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