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USD rate drops in Iran

Iran Materials 29 November 2011 16:15 (UTC +04:00)

Azerbaijan, Baku, Nov. 29 / Trend D.Khatinoglu/

Continuing its downward trend, the USD's value has dipped to 13,200 rials, the Fars News Agency reported.

The decrease in the dollar's value began with yesterday's announcement of a plan to bring down prices by the head of Iran's Central Bank. The USD rate was 13,500 rials yesterday.

The head of the Iran's Central Bank has promised a steep decrease in the USD's price and the value of Bahar-e gold coins. The Azadi Coin is an Iranian gold coin minted by the Central Bank of Iran (CBI).

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