U.S. dollar slightly falls in Iran’s free market

Business Materials 29 March 2013 10:07 (UTC +04:00)

Azerbaijan, Baku, Mar.29/ Trend F.Mehdi/

U.S. dollar was sold at the price of 24,590 rials at Iran's free market on Thursday, showing a meager one-rial fall compared to Wednesday.

Euro was also sold at 31,420 rials, while British pound was traded at 37,216 rials, ISNA reported.

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.