Gold coin sold at 9.7 million rials at Iran’s free market
Tehran, Iran, May 11
By Milad Fashtami - Trend:
Each Bahar-e Azadi gold coin was sold at the price of 9.70 million rials at Iran's free market on May 11.
Each Bahar-e Azadi gold coin was presented at the price of 9.86 million rials on Saturday.
Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
U.S. dollar was also sold at the price of 32,650 rials at the free market on May 11, while Euro was presented at the price of 45,450 rials.
U.S. dollar and euro were traded at the prices of on 32,680 and 45,500 rials on Saturday.
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 dollar at the mentioned price.