USD rises, euro and pound fall against Iranian rial
Azerbaijan, Baku, Aug.13/ Trend F.Karimov/
The U.S. dollar rose, but the euro and British pound fell against the Iranian rial today compared to the previous day, the Mehr News Agency reported.
A U.S. dollar was sold at the price of 24,794 rials at Iran's Forex Centre, compared to 24,790 rials on Monday.
The euro was also presented at the price of 32,996 rials, while the British pound was traded at 38,335 rials compared with 33,033 rials and 38,410 rials, respectively.
Iran's foreign exchange centre was officially inaugurated on September 24, 2012. The rial is currently trading for about 32,000 to the dollar in the open market.
On July 6, the Central Bank of Iran on its website listed the price of a dollar at 24,779 rials. That rate replaced the previous official 'reference' rate of 12,260 rials to the dollar.
Since January 2012, the Iranian government had maintained a subsidised rate of 12,260 rials to the dollar to be used for importing the most vital goods such as food and medicine.
Iranian new President Hassan Rohani, who succeeded former President Mahmoud Ahmadinejad, has said he seeks to revive Iran's economy by improving relations with the world and seeking relief from economic and financial sanctions.