USD sold at 25,455 rials at Iran’s Forex Center

Iran Materials 20 October 2012 18:17 (UTC +04:00)

Azerbaijan, Baku, Oct.20/ Trend G.Mehdi/

Iran's Forex Center sold U.S. dollar at 25,455 rials on Saturday, unchanged compared to Thursday, ILNA reported.

Meanwhile, euro slightly decreased to 33,141 rials from 33,337 rials.

The report further said that the dollar rate is irregularly rising on the free market.

The Forex Center of Iran was officially inaugurated on September 24.‎

The new 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.‎

The government maintains an official reference rate of 12,260 rials to the dollar.‎

‎ ‎Iranian government plans to use revenues from petrochemical sales and 14.5 percent of ‎its oil revenues to provide dollars for the center, central bank governor Mahmoud ‎Bahmani said.