USD, pound rise against rial at Iran's Forex Center

Business Materials 12 April 2013 16:26 (UTC +04:00)

Azerbaijan, Baku, Apr.12/ Trend G.Mehdi/

U.S. dollar and British pound exchange rates rose against Iranian rial on Thursday at Iran's Forex Center, IRNA reported.

U.S. dollar was sold at 24,750 rials, up 50 rials compared with Wednesday's figure.

Pound was also sold at 37,938 rials, up 61 rials compared with the day before.

But, euro exchange rate decreased by 2 rials and was traded at 32,319 rials.

The Tehran Forex center was officially inaugurated on September 24, 2012.

It allows importers of goods to buy dollars at a rate 2 percent cheaper than the street rate at any given time.

Meanwhile, 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.