Gold coin, forex prices slightly rise at Iran’s free market

Business Materials 4 December 2013 14:26 (UTC +04:00)

Baku, Azerbaijan, Dec. 4

By Rahim Zamanov - Trend:

Each Bahar-e Azadi gold coin was sold at the price of 8,520,000 rials at Iran's free market on Wednesday, the ISNA News Agency reported on Dec. 4.

Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).

Each Bahar-e Azadi gold coin was presented at the price of 8,510,000 rials on Tuesday

The U.S. dollar was also sold at the price of 29,450 rials at the free market on Wednesday, while the Euro was presented at the price of 40,050 rials.

The U.S. dollar and the euro were traded at the prices of 29,400, and 40,050 rials on Tuesday.

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 rials to 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 dollars at the mentioned price.