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US dollar sold at 24,777 rials atIran’s forex center

Business Materials 22 December 2013 11:17 (UTC +04:00)

Baku, Azerbaijan, Dec. 22

By Rahim Zamanov - Trend:

US dollar was sold at the price of 24,777 rials at Iran's forex center on Sunday, the IRNA News Agency reported on December 22.

Euro was also presented at the price of 34,877 rials, while British pound was traded at 40,456 rials.

Euro, British pound and US dollar were traded at the same prices on Saturday.

US dollar was also sold at the price of 29,440 rials at the free market on Sunday, while Euro and British pound were presented at the price of 40,550, and 48,350 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 dollars each working day.

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