USD, Pound rise, Euro falls at Iran’s Forex Center
Azerbaijan, Baku, Sep.7/ Trend F.Karimov/
U.S. dollar and British pound exchange rates rose against Iranian rial today in Iran's Forex Center compared to Thursday, the Mehr News Agency reported.
U.S. dollar was sold at the price of 24,846 rials, up 16 rials compare dto Thursday.
Pound was also presented at the price of 38,835 rials, up 154 rials, but the euro exchange rate decreased 14 rials and reached 32,740 rials.
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.