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Euro price falls at Iran's forex center

Business Materials 28 January 2013 16:46 (UTC +04:00)

Azerbaijan, Baku , Jan.28 / Trend F.Milad /

Euro was sold at the price of 33,032 rials at Iran's forex center on Monday.

U.S. Dollar was also presented at 24,551 rials, the IRNA News Agency reported.

Euro and US dollar were traded at the prices of 32,049 and 24,551 rials, respectively on Sunday.

The new foreign exchange center was officially inaugurated on September 24. Some 13,233 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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