Gold coin, forex prices fall at Iran’s free market
Baku, Azerbaijan, Nov. 17
By Rahim Zamanov - Trend:
Each Bahar-e Azadi gold coin was sold at the price of 924,000 rials at Iran's free market on Sunday.
Each Bahar-e Azadi gold coin was presented at the price of 928,000 rials on Saturday.
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 30,070 rials at the free market on Sunday, while Euro was presented at the price of 40,600 rials.
U.S. dollar and euro were traded at the prices of 30,120, and 40,650 rials on Saturday.
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 the 28,500 rials price for the free market but the brokers refuse to trade dollar at the mentioned price.