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Gold price continues to fall at Iran free market

Business Materials 3 February 2013 13:30 (UTC +04:00)

Azerbaijan, Baku, Feb.3/ Trend F.Milad‎‏/

Gold prices continue to fall at Iran's free market so that each Azadi gold coin was also sold at 15.30 million rials.

It is while the price of gold coin stood at 15.38 million rials on Saturday.

US dollar was sold at the price of 38,000 rials at the free market on Saturday, while Euro was presented at the price of 52,000 rials.

Euro and US dollar were traded at the prices of 53,700 and 39,800, respectively on Saturday.

The government has set the 28,500 rials price for the free market but the ‎brokers refuse to trade dollar at the mentioned price.

Critics believe that 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 in order 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.

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