USD falls, euro and pound rise in Iran
Baku, Azerbaijan, Jan.11
By Fatih Karimov - Trend:
The U.S. dollar, the euro, and the British pound were sold in Iran today at 24,798 rials, 33,896 rials, and 40,874 rials, respectively, Mehr News Agency reported.
USD fell by 14 rials, but the euro and the British pound rose by 210 rials and 66 rials respectively compared to Jan.9.
However, USD, the euro and the British pound were sold at 29,750 rials, 40,700 rials and 49,000 rials respectively in the free market.
Each Bahar-e Azadi gold coin was sold at the price of 8.64 million rials, compared to 8.76 million rials on Jan.6.
The Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran.
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.