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USD sold at 25,507 rial at Iran’s forex center

Business Materials 20 April 2014 12:28 (UTC +04:00)

Tehran, Iran, April 20

By Milad Fashtami - Trend:

U.S. dollar was sold at the price of 25,507 rials at Iran's forex center on April 20.

Euro was also presented at the price of 35,237 rials, while British pound was traded at 42,829 rials, Iran's IRNA News Agency reported.

U.S. dollar was also sold at the price of 31,850 rials at the free market on April 20, while Euro and British pound were presented at the price of 44,000, and 53,150 rials, respectively.

The foreign exchange center was officially inaugurated on September 24, 2012.

The center allows importers of goods including truck tires, construction equipment and synthetic fibers to buy dollars at a rate of two percent cheaper than the street rate at any given time.

Iran's forex center has the capacity to trade over 100 million dollars each working day, according to the center's spokesman Samad Karimi.

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