USD price rises, euro falls at Iran’s Forex Centre

Business Materials 5 August 2013 13:12 (UTC +04:00)

Azerbaijan, Baku, Aug.5/ Trend R.Zamanov

The US dollar was sold at the price of 24,789 rials on Iran's Forex Centre on Monday.

The euro was also presented at the price of 32,909 rials, whilst the British pound was traded at 37,858 rials, the IRNA News Agency reported.

Euros, the British pound and US dollar were traded at the prices of 32,919, 37,890 and 24,787 rials respectively on Sunday.

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

The latest reports released by the Central Bank of Iran show 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.