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Azadi gold coin sold for 15.3 million rials at Iran's free market

Business Materials 4 February 2013 14:59 (UTC +04:00)

Azerbaijan, Baku, Feb.4/ Trend F.Milad /

Each Azadi gold coin was sold for 15.30 million rials on Iran's free market on Monday.
This is while the price of a gold coin stood at 15.38 million rials on Sunday afternoon.

The US dollar was sold at the price of 38,000 rials on the free market on Monday, while the euro was presented at the price of 52,000 rials.

The euro and U.S. dollar were traded at the same prices on Sunday.

The government has set the 28,500 rials price for the free market, but brokers refuse to trade dollars at the aforementioned 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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