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USD, British pound prices rise at Iran’s forex center

Business Materials 29 July 2013 10:53 (UTC +04:00)

Azerbaijan, Baku, July.29/ Trend R.Zamanov

US dollar was sold at the price of 24,788 rials at Iran's forex center on Monday.

Euro was also presented at the price of 32,922 rials, while British pound was traded at 38,140 rials, the IRNA News Agency reported.

Euro, British pound and US dollar were traded at the prices of 32,913, 38,131, and 24,785 rials on Sunday.

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.

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