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

Business Materials 14 December 2013 14:18 (UTC +04:00)

Baku, Azerbaijan, Dec. 14
By Rahim Zamanov - Trend:

US dollar was sold at the price of 24,803 rials at Iran's forex center on Saturday, the IRNA News Agency reported on December 14.

Euro was also presented at the price of 34,084 rials, while British pound was traded at 40,437 rials.

Euro, British pound and US dollar were traded at the prices of 34,177, 40,442, and 24,776 rials on Thursday.

US dollar was also sold at the price of 29,560 rials at the free market on Saturday, while Euro and British pound were presented at the price of 40,550, and 48,250 rials, respectively.

The foreign exchange center was officially inaugurated on September 24, 2012.

The latest report 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 center allows importers of goods, including truck tires, construction equipment and synthetic fibers 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 each working day.