US dollar price on the rise at Iran's free market

Business Materials 28 September 2014 14:30 (UTC +04:00)

Tehran, Iran, Sept. 28

By Milad Fashtami - Trend:

US dollar was sold at the price of 32,500 rials at the free market Sept. 28.

Euro was presented at the price of 41,300 rials.

US dollar and euro were traded at the prices of 32,300 and 41,150 rials on
Saturday, Sept. 27.

The forex prices were on the rise at Iran's free market in the past few days.

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 US dollar. It was close to 10,000 in early 2011.

The government set the 28,500 rials price for the free market but the ‎brokers refuse to trade dollar at the mentioned price.