Azerbaijan, Baku, Jun.18/ Trend R.Zamanov
Each Bahar-e Azadi gold coin was sold at the price of 12.3 million rials on Iran's free market on Tuesday.
On Monday, each Bahar-e Azadi gold coin was presented at the price of 12.4 million rials.
The Bahar-e Azadi coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
The US dollar was also sold at the price of 34,650 rials on Tuesday's free market, while Euro was presented at the price of 46,000 rials.
On Monday the U.S. dollar and euro were traded at the prices of 35,200 and 46,950 rials respectively.
Iran's national currency, the rial, lost about 50 per cent of its foreign exchange value in less than a week in October 2012, hitting an all-time low of 35,500 versus the dollar. It was close to 10,000 in early 2011.
The government has set the 28,500 rials price for the free market, but brokers refuse to trade the dollar at that price.
Critics believe that Iranian government is not controlling the price of dollar on the free market on purpose. They claim the government wants to take advantage of selling dollar on 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.