Euro price rises at Iran’s Forex Centre

Business Materials 11 February 2013 12:19 (UTC +04:00)

Azerbaijan, Baku, Feb.11 / Trend F.Milad /

Euro was sold at the price of 32,800 rials at Iran's Forex Centre on Monday. The US dollar was also presented at 24,525 rials, the IRNA News Agency reported.

On Sunday the centre closed and on Saturday the euro and US dollar were traded at the prices of 32,784 and 24,547 rials respectively.

The new foreign exchange centre was officially inaugurated on September 24. Some 13,233 applications have been registered so far.

The new centre allows importers of goods including truck tyres, construction equipment and synthetic fibres to buy dollars at a rate of two per cent 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.