Gold price continues to rise sharply at Iran’s free market
Azerbaijan, Baku, Jan.19/ Trend F.Milad
Each Azadi gold coin was sold at the price of 13.33 million rials at the free market on Saturday.
It is while the price of gold coin stood at 13.19 million rials at Iran's free market on Thursday.
Euro was also sold at 44,250 rials at Iran's free market on Saturday, while US dollar was presented at 33,300 rials.
US dollar and euro were traded at the prices of 33,100 and 44,10, respectively on Thursday.
The government has set the 28,500 rials price for the free market but the brokers refuse to trade dollar at the mentioned price.
Dollar price had reached 40,000 rials in October but by inauguration of the foreign exchange center the prices fell to 27,000 rials.
Critics believe that the Iranian government is not controlling the price of dollar at the free market on purpose. They claim that the government wants to take advantage of selling dollar at the free market to compensate its lack of budget.
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.