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USD, British pound prices fall at Iran's Forex Centre

Business Materials 12 February 2013 15:07 (UTC +04:00)

Azerbaijan, Baku, Feb.12/ Trend F.Milad

The US dollar was sold at the price of 24,424 rials at Iran's Forex Centre eon Tuesday.

The British pound was also presented at 38,391 rials, while the euro was traded at 32,839 rials, the IRNA News Agency reported.

Three currencies, the Euro, British pound and US dollar were sold at the prices of 32,800, 38,741, and 24,525 rials respectively on Monday.

The new foreign exchange centre was officially inaugurated on September 24. Some 17,356 applications have been registered at the centre 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.

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