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Forex, gold coin prices continue to rise at Iran’s free market

Business Materials 29 December 2013 18:02

Baku, Azerbaijan, Dec. 29

By Umid Niayesh - Trend:

Each Bahar-e Azadi gold coin was sold at the price of 8.81 million rials at Iran's free market on Sunday, Fars News Agency reported on Dec. 29.

On Saturday, each Bahar-e Azadi gold coin was presented at the price of 8.725 million rials.

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

The U.S. dollar was also sold at the price of 30,100 rials at the free market today, while the euro was presented at the price of 41,200 rials.

The U.S. dollar and the euro were traded at the prices of 29,900, and 40,900 rials on Thursday.

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 versus 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 ‎brokers refuse to trade dollars at the mentioned price.

Edited by C.N.

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