USD price continues to rise at Iran’s Forex Centre

Business Materials 26 November 2013 12:43 (UTC +04:00)

Baku, Azerbaijan, Nov. 26
By Rahim Zamanov - Trend:

The US dollar was sold at the price of 24,847 rials on Iran's Forex Centre on Tuesday.

Euros were also presented at the price of 33,625 rials each, while the British pound was traded at 40,143 rials, the ISNA News Agency reported.

Euros, British pounds and US dollars were each traded at the prices of 33,643, 40,295, and 24,834 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.