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U.S. dollar rises to 24,750 rials in Iran

Iran Materials 23 September 2012 16:40 (UTC +04:00)
U.S. dollar was sold at 24,750 rials in Iran’s unofficial market on Sunday, compared with 24,600 rials on Saturday, the Mehr news agency reported.

Azerbaijan, Baku, Sep.23/ Trend F.Milad/


U.S. dollar was sold at 24,750 rials in Iran's unofficial market on Sunday, compared with 24,600 rials on Saturday, the Mehr news agency reported.

Pound and Euro were also traded at 40,300 rials and 32,500 rials, compared with 40,300 rials and 32,300 rials, respectively.

Each ounce of gold was sold at 1774 dollars in international markets, unchanged compared with the day before.

Iran's central bank allowed trading in its currency at market levels after fixing the exchange rate in January as the threat of sanctions over the country's nuclear program and economic risks spurred Iranians to buy up dollars.

The bank on January 26 fixed the rate at 12,260 after the U.S. dollar surged to almost double that level in unofficial currency markets.

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