Gold coin price falls on Iran’s free market
Azerbaijan, Baku, Feb.26/ Trend, F. Milad
Bahar-e Azadi gold coins were sold at the price of 14.15 million Rials on Iran's free market on Tuesday.
It is while the price of gold coin stood at 14.27 million Rials on Monday.
The 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 37,700 Rials at the free market on Tuesday, while the Euro was presented at the price of 50,000 Rials.
The Euro and US dollar were traded at the prices of 49,300 and 37,100 Rials respectively on Monday.
The government set a 28,500 Rial price on the free market but brokers are refusing to trade the dollar at that price.
Critics believe that Iranian government is not controlling the price of dollar on 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.