Euro, USD prices rise at Iran’s forex center

Business Materials 18 August 2014 12:05 (UTC +04:00)

Tehran, Iran, Aug. 18

By Milad Fashtami - Trend:

US dollar was sold at the price of 26,521 rials at Iran's forex center on August 18.

Euro was also presented at the price of 35,533 rials, while British pound was traded at 44,374 rials, Iran's IRNA News Agency reported on August 18.

Euro, British pound and US dollar were traded at the prices of 35,529, 44,272, and 26,515 rials on Sunday.

US dollar was also sold at the price of 31,070 rials at the free market on august 17, while Euro and British pound were presented at the price of 41,650, and 51,950 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.