USD and Euro fall, pound rises at Tehran Forex Center
Azerbaijan, Baku, Aug.19/ Trend F.Karimov/
U.S. dollar and euro fell against Iranian rial today at the Tehran Forex Center compared to Sunday, IRNA reported.
U.S. dollar was sold at the price of 24,793 rials compared to 24,794 rials the day before.
Pound was also presented at the price of 38,735 rials compared to 38,732 rials. Euro was sold at 33,039 rials compared to 33,044 rials on Sunday.
Iran's foreign exchange center was officially inaugurated on September 24, 2012.
The rial is currently trading for about 32,000 to the dollar in the open market.
On July 6, the central bank of Iran on its website listed the price of a dollar at 24,779 rials. That rate replaced the previous official "reference" rate of 12,260 rials to the dollar.
Since January 2012, the Iranian government had maintained a subsidized rate of 12,260 rials to the dollar, meant to be used for importing the most vital goods such as food and medicine.
Iranian new president Hassan Rohani, who succeeded former President Mahmoud Ahmadinejad, has said he seeks to revive Iran's economy by improving relations with the world and seeking relief from economic and financial sanctions.