Forex, gold coin prices rise at Iran’s free market

Business Materials 11 June 2014 17:02 (UTC +04:00)

Tehran, Iran, June 11

By Milad Fashtami - Trend:

Each Bahar-e Azadi gold coin was sold at the price of 9.49 million rials at Iran's free market on June 11.

Each Bahar-e Azadi gold coin was presented at the price of 9.41 million rials on Tuesday, Iran's IRNA News Agency reported on June 11.

The 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 32,400 rials at the free market on June 11, while the euro was presented at the price of 44,300 rials.

The U.S. dollar and euro were traded at the prices of on 32,100 and 44,200 rials on Tuesday.

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.

Edited by CN