Bahar-e Azadi gold coin sold at 13.35 million rials at Iran’s free market
Azerbaijan, Baku, Mar.26/ Trend F.Milad
Each Bahar-e Azadi gold coin was sold at 13.35 million rials at Iran's free market on Tuesday.
Each Bahar-e Azadi gold coin was presented at the same price on Monday.
Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
US dollar was also sold at 34,900 rials at the free market on Tuesday, while Euro was presented at 45,600 rials.
Euro and US dollar were traded at the same prices on Monday.
The government has set the 28,500 rials price for the free market but the brokers refuse to trade dollar at the mentioned price.
Critics believe that Iranian government is not controlling the price of dollar at 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.