...

Forex prices fall at Iran’s forex center

Business Materials 25 June 2013 10:30 (UTC +04:00)

Azerbaijan, Baku, Jun.25/ Trend R.Zamanov

US dollar was sold at the price of 24,770 rials at Iran's forex center on Tuesday.

Euro was also presented at the price of 32,477 rials, while British pound was traded at 38,220 rials, the IRNA News Agency reported.

Euro, British pound and US dollar were traded at the prices of 32,492, 38,209, and 24,770 rials on Sunday.

There was no trade at the forex center on Monday.

The forex prices have fallen sharply at the free market in the past few days. US dollar was sold at the price of 28,850 rials on Sunday afternoon.

The foreign exchange center was officially inaugurated on September 24, 2012.

The latest reports released by the Central Bank of Iran shows that 20,245 applications have been registered at Iran's Foreign Exchange Center from the beginning of the current Iranian calendar year (March 21) until June 13.

The center allows importers of goods including truck tires, construction equipment and synthetic fibers to buy dollars at a rate 2 percent cheaper than the street rate at any given time.

According to the center's spokesman Samad Karimi, Iran's forex center has the capacity to trade over 100 million dollars each working day.

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.

Tags:
Latest

Latest