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USD price continues to rise at Iran’s Forex Centre

Business Materials 27 February 2013 12:14 (UTC +04:00)

Azerbaijan, Baku, Feb.27/ Trend F.Milad

The US dollar was sold at the price of 24,527 rials at Iran's Forex Centre on Wednesday.

The euro was also presented at the price of 32,048 rials, while the British pound was traded at 37,050 rials, the IRNA News Agency reported.

Euros, British pounds and the US dollar were sold at the prices of 32,078, 37,230, and 24,520 rials, respectively on Tuesday.

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

The 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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