USD price falls below 30,000 rials at Iran’s free market
Azerbaijan, Baku, Sep.21/ Trend R.Zamanov /
Each Bahar-e Azadi gold coin was sold at the price of 940,000 rials at Iran's free market on Saturday.
Each Bahar-e Azadi gold coin was presented at the price of 995,000 rials on Thursday.
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 29,700 rials at the free market on Saturday, while Euro was presented at the price of 40,700 rials.
U.S. dollar and euro were traded at the prices of 30,700, and 41,350 rials on Thursday.
This come as the European court has lifted sanctions against 18 Iranian companies on Monday, including Islamic Republic of Iran Shipping Lines, Fars news agency reported.
The manager of Islamic Republic of Iran Shipping Lines, Mohammad Hossein Dajmar said that it was "big success" for Islamic Republic of Iran Shipping Lines.
On Sept. 6, European Union court also ruled that the EU should lift sanctions it imposed against seven Iranian companies, Reuters reported.
The ruling, which can be appealed, follows similar decisions earlier this year against sanctions imposed on two of Iran's biggest banks.
Iran's national currency, the rial, lost about 50 percent of its foreign exchange value in less than a week in October 2012, standing at 35,500 compared to 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.