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USD, British pound prices fall on Iran’s Forex Centre

Business Materials 18 December 2013 12:51 (UTC +04:00)

Baku, Azerbaijan, Dec. 18

By Rahim Zamanov - Trend:

The US dollar was sold at the price of 24,769 rials on Iran's Forex Centre on Wednesday, the IRNA News Agency reported on December 18.

Euros were also presented at the price of 34,114 rials each, whilst the British pound was traded at 40,338 rials.

The Euro, British pound and US dollar were traded at the prices of 34,111, 40,424, and 24,772 rials respectively on Tuesday.

US dollars were also sold at the price of 29,540 rials each on the free market on Wednesday, while the euro and British pound were presented at the price of 40,552, and 48,280 rials, respectively.

The foreign exchange centre 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 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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