USD sold at rials 24,563 at Iran's forex center

Business Materials 9 January 2013 17:16 (UTC +04:00)

Azerbaijan, Baku, Jan.9 / Trend F.Milad

U.S. Dollar was sold at the price of 24,563 rials at Iran's forex center on Wednesday.

Euro was also presented at 32,110 rials, the IRNA News Agency reported.

Dollar and euro were traded at the prices of 24,565 and 32,240 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.