USD price once again surpasses 30,000 rials on Iran’s free market
Azerbaijan, Baku, Oct.22/ Trend R.Zamanov
The US dollar price gained a little on the free market on Tuesday standing at 30,050 rials. Euros were also presented at the price of 40,850 rials.
The U.S. dollar price fell below 30,000 rials on Monday, the ISNA News Agency reported. USD's and euros were each traded at the prices of 29,700, and 40,950 rials on Monday.
Each Bahar-e Azadi gold coin was sold at the price of 950,000 rials at Iran's free market on Tuesday. The gold coin was presented at the price of 957,000 rials on Monday.
The Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
Iran's national currency the rial lost about 50 per cent of its foreign exchange value in less than a week in October 2012, standing at 35,500 against the dollar. It was close to 10,000 in early 2011.
The government has set a 28,500 rial price for the free market but brokers refuse to trade dollar at that price.