Baku, Azerbaijan, Feb. 19
By Rahim Zamanov - Trend:
Each Bahar-e Azadi gold coin was sold at the price of 9.23 million rials on Iran's free market on February 19.
Each Bahar-e Azadi gold coin was presented at the price of 9.37 million rials on Tuesday.
Bahar-e Azadi Coins are Iranian limited circulation minted gold coins offered by the Central Bank of Iran (CBI).
The U.S. dollar was also sold at the price of 29,520 rials on the free market on February 19, whilst the euro was presented at the price of 40,520 rials.
U.S. dollars and euros were each traded at the prices of 29,500, and 40,480 rials on Tuesday.
Iran's national currency the rial, lost 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 a 28,500 rial price for the free market, but brokers refuse to trade dollars at that price.