USD, Gold prices rise in Iran's free market
Azerbaijan, Baku, Feb.25/ Trend F.Milad
Each Bahar-e Azadi gold coin was sold at the price of 14.27 million rials on Iran's free market on Monday.
It is while the price of a gold coin stood at 13.98 million rials on Sunday.
Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
The US dollar was also sold at the price of 37,100 rials on the free market on Monday, while the euro was presented at the price of 49,300 rials.
The Euro and US dollar were each traded at the prices of 48,700 and 36,800 rials on Sunday.
The government set a 28,500 rials price for the free market, but the brokers refuse to trade the dollar at that price.
Critics believe the Iranian government is not controlling the price of dollar on the free market on purpose. They claim the government wants to take advantage of selling the dollar on 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.