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Gold coin price increases at Iran’s free market

Business Materials 5 October 2013 15:21 (UTC +04:00)

Azerbaijan, Baku, Oct.5/ Trend R.Zamanov /

Each Bahar-e Azadi gold coin was sold at the price of 968,500 rials at Iran's free market on Saturday.

Each Bahar-e Azadi gold coin was presented at the price of 960,000 rials on Thursday, the Mehr News Agency reported.

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 30,500 rials at the free market on Saturday, while Euro was presented at the price of 41,200 rials.

U.S. dollar and euro were traded at the prices of 30,350, and 41,200 rials on Thursday.

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 rials 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.

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