Iran forex center's registered applications surpass 21,000

Business Materials 2 March 2013 14:37 (UTC +04:00)

Azerbaijan, Baku, Mar.2/ Trend F.Milad

Some 21,013 applications worth some 7.5 billion dolklars have been registered at Iran's Foreign Exchange Center until February 28, the IRNA News Agency reported.

According to the center's spokesman Samad Karimi, Iran's forex center has the capacity to trade over 100 million dollars each working day.

The foreign exchange center was officially inaugurated on September 24.

It aims at allowing importers of goods including truck tires, construction equipment and synthetic fibers to buy dollars at a rate 2 percent 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.