USD, British pound prices rise at Iran’s forex center
Tehran, Iran, May 12
By Milad Fashtami - Trend:
US dollar was sold at the price of 25,524 rials at Iran's forex center on May 12.
Euro was also presented at the price of 35,116 rials, while British pound was traded at 43,023 rials, Iran's IRNA News Agency reported on May 12.
Euro, British pound and US dollar were traded at the prices of 35,118, 43,006, and 25,521 rials on Sunday.
US dollar was also sold at the price of 32,650 rials at the free market on May 12, while Euro and British pound were presented at the price of 45,450, and 54,300 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 2 percent cheaper than the street rate at any given time.
According to the center's spokesman Samad Karimi, Iran's forex center has the capacity to trade over 100 million dollars each working day.