Gold, forex prices rise at Iran’s free market
Azerbaijan, Baku, Aug.7/ Trend R.Zamanov
Each Bahar-e Azadi gold coin was sold at the price of 10.62 million rials at Iran's free market on Wednesday.
Each Bahar-e Azadi gold coin was presented at the price of 10.58 million rials on Tuesday.
Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
US dollar was also sold at the price of 32,100 rials at the free market on Wednesday, while Euro was presented at the price of 43,450 rials.
U.S. dollar and Euro were traded at the prices of 31,750, and 43,200 rials on Tuesday.
The Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei officially endorsed Hassan Rohani as the country's new president for a four-year term on Saturday. Rohani succeeded Mahmoud Ahmadinejad.
Iran's national currency, the rial, lost about 50 percent 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 the brokers refuse to trade dollar at the mentioned price.