Dollar price falls at Iran's forex center

Business Materials 2 January 2013 11:03 (UTC +04:00)

Azerbaijan, Baku, Jan.2 / Trend F.Milad

Dollar was sold at the price of 24,570 rials at Iran's forex center on Wednesday.

Euro was also presented at 32, 620 rials, the IRNA News Agency reported.

Both foreign currencies were traded at the prices of 24,576 and 32,440 rials, respectively on Tuesday.

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.