Euro, British pound prices fall at Iran’s forex center

Business Materials 9 November 2013 14:24 (UTC +04:00)

Baku, Azerbaijan, Nov. 9
By Rahim Zamanov - Trend:

US dollar was sold at the price of 24,919 rials at Iran's forex center on Saturday.

Euro was also presented at the price of 33,312 rials, while British pound was traded at 39,907 rials, the Fars News Agency reported.

Euro, British pound and US dollar were traded at the prices of 33,679, 39,972, and 24,913 rials on Tuesday.

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

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

The center allows importers of goods including truck tires, construction equipment and synthetic fibers to buy dollars at a rate 2 percent cheaper than the street rate at any given time.

According to the center's spokesman Samad Karimi, Iran's forex center has the capacity to trade over $100 million each working day.