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Euro, USD prices fall on Iran’s Forex Centre

Business Materials 15 October 2013 12:56 (UTC +04:00)

Azerbaijan, Baku, Oct.15/ Trend R.Zamanov

The US dollar was sold at the price of 24,908 rials on Iran's Forex Centre on Tuesday.

Euros were also presented at the price of 33,788 rials, whilst the British pound was traded at 39,842 rials, the IRNA News Agency reported.

Euros, the British pound and US dollar were traded at the prices of 33,790, 39,813, and 24,909 rials on Monday.

The foreign exchange centre was officially inaugurated on September 24, 2012.

Latest reports released by the Central Bank of Iran show that 20,245 applications have been registered at Iran's Foreign Exchange Centre from the beginning of the current Iranian calendar year (March 21) until June 13.

The centre allows importers of goods including truck tyres, construction equipment and synthetic fibres to buy dollars at a rate of two per cent cheaper than the street rate at any given time.

According to the centre's spokesman Samad Karimi, Iran's Forex Centre has the capacity to trade over 100 million dollars each working day.

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