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

Business Materials 3 December 2013 11:36 (UTC +04:00)

Baku, Azerbaijan, Dec. 3

By Rahim Zamanov - Trend:

The U.S. dollar sold at the price of 24,826 rials at Iran's forex center on Tuesday.

The euro was presented at the price of 33,594 rials, while the British pound traded at 40,606 rials, the IRNA News Agency reported.

The Euro, British pound and U.S. dollar were traded at the prices of 33,742, 40,729, and 24,802 rials on Monday.

The foreign exchange centre 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 centre allows importers of goods including truck tires, construction equipment and synthetic fibres 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 dollars each working day.

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