USD, Euro rise, Pound falls at Iran’s Forex Center
Azerbaijan, Baku, Aug.24/ Trend F.Karimov/
U.S. dollar and Euro rose against Iranian rial, but British pound fell today in Iran's Forex Center compared to Thursday, IRNA reported.
U.S. dollar was sold at the price of 24,796 rials, up 3 rials compared to the day before. Pound was also presented at the price of 38,599 rials, down 86 rials compared to Thursday. Euro was sold at 33,104 rials, up 104 rials compared to Thursday.
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.