USD, gold coin prices price fall at Iran’s free market
Azerbaijan, Baku, Mar.31/ Trend F.Milad/
Each Bahar-e Azadi gold coin was sold at the price of 13.40 million rials at Iran's free market on Sunday.
Each Bahar-e Azadi gold coin was presented at the price of 13.55 million rials on Saturday.
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 the price of 34,200 rials at the free market on Sunday, while Euro was presented at the price of 44,800 rials.
Euro and US dollar were traded at 45,300 and 34,700 rials, respectively on Saturday.
The government has set the 28,500 rials price for the free market but the brokers refuse to trade dollar at the mentioned price.
The critics believe that the 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 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.