USD, British pound prices rise at Iran’s Forex Centre
Azerbaijan, Baku, July.9/ Trend R.Zamanov
US dollar was sold at the price of 24,783 rials at Iran's Forex Centre on Tuesday.
The euro was also presented at the price of 31,877 rials, while the British pound was traded at 37,005 rials, the IRNA News Agency reported.
The euro, British pound and US dollar were traded at the prices of 31,754, 36,852 and 24,777 rials on Monday.
The foreign exchange centre was officially inaugurated on September 24, 2012.
Latest reports released by the Central Bank of Iran shows that 20,245 applications have been registered at Iran's Foreign Exchange Centre from the beginning of the current Iranian calendar year (March 21) until June 13.
The centre allows importers of goods including truck tyres, construction equipment and synthetic fibres to buy dollars at a rate of two per cent cheaper than the street rate at any given time.
According to the centre's spokesman Samad Karimi, Iran's Forex Centre has the capacity to trade over 100 million dollars each working day.
The Iranian government plans to use revenues from petrochemical sales and 14.5 per cent of its oil revenues to provide dollars for the centre, Central Bank Governor Mahmoud Bahmani said in September, 2012. He did not give an absolute figure for the amount of dollars to be supplied.
"With the distribution of currency at this centre, the exchange rate in the market will go down because some of the demand for dollars will be met at the centre and the pressure of demand will be removed," Bahmani was quoted as saying.