USD, Euro and Pound fall in Iran’s free market
Azerbaijan, Baku, Aug.20/ Trend F.Karimov/
U.S. dollar, Euro, and British pound fell against Iranian rial today on Iran's free market compared to Monday, Etebarnews website reported.
U.S. dollar was sold at the price of 31,450 rials compared to 31,650 rials the day before.
Pound was also presented at the price of 49,000 rials compared to 49,100 rials. Euro was sold at 41,700 rials compared to 42,000 rials on Monday.
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.