Baku, Azerbaijan, Feb. 27
By Umid Niayesh - Trend:
Each Bahar-e Azadi gold coin was sold at the price of 9.61 million rials at Iran's free market on February 27.
Each Bahar-e Azadi gold coin was presented at the price of 9.65 million rials on Feb.26.
Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
The U.S. dollar was also sold at the price of 30,000 rials at the free market on Feb. 27, while the euro was presented at the price of 41,400 rials.
The U.S. dollar was traded at the price of 30,180 meanwhile the euro price was 41,400 rials on Feb. 26.
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 the brokers refuse to trade dollars at the mentioned price.