Baku, Azerbaijan, Nov. 8
By Rahim Zamanov - Trend:
Each Bahar-e Azadi gold coin was sold at the price of 946,000 rials on Iran's free market on Thursday, the Mehr News Agency reported.
Each Bahar-e Azadi gold coin was presented at the price of 950,000 rials on Wednesday.
The Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
The US dollar was also sold at the price of 30,150 rials on the free market on Thursday, while the Euro was presented at the price of 40,850 rials.
The U.S. dollar and Euro were traded at the prices of 30,400, and 41,150 rials on Wednesday.
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 versus the dollar. It was close to 10,000 in early 2011.
The government has set a 28,500 rial price on the free market but brokers refuse to trade the dollar at the mentioned price.