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Euro, British pound prices rise at Iran’s Forex Centre

Business Materials 27 November 2013 13:10 (UTC +04:00)

Baku, Azerbaijan, Nov. 27

By Rahim Zamanov - Trend:

The US dollar was sold at the price of 24,815 rials on Iran's Forex Centre on Wednesday.

Euros were also presented at the price of 33,730 rials each, while the British pound was traded at 40,258 rials, the Mehr News Agency reported.

Euros, British pounds and US dollars were each traded at the prices of 33,625, 40,143, and 24,847 rials on Tuesday.

The foreign exchange centre was officially inaugurated on September 24, 2012.
Latest reports released by the Central Bank of Iran shows that 20,245 applications have been registered at the 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.

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