Euro, British pound prices rise at Iran’s forex center

Iran Materials 12 February 2014 12:03

Baku, Azerbaijan, Feb. 12

By Rahim Zamanov - Trend:

The U.S. dollar was sold at the price of 24,871 rials at Iran's forex center on Feb. 12, Iran's IRNA News Agency reported.

The euro was also presented at the price of 33,896 rials, while the British pound was traded at 40,908 rials.

The euro, British pound and U.S. dollar were traded at the prices of 33,892, 40,827, and 24,867 rials on Tuesday.

The U.S. dollar was also sold at the price of 29,520 rials at the free market on Feb. 12, while the euro and British pound were presented at the price of 40,380, and 48,670 rials, respectively.

The foreign exchange center was officially inaugurated on September 24, 2012.

The latest report released by the Central Bank of Iran shows that 20,245 applications have been registered at Iran's Foreign Exchange Center from the beginning of the current Iranian calendar year (March 21) untilJune 13.

The 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.

According to the center's spokesman Samad Karimi, Iran's forex center has the capacity to trade over 100 million dollars each working day.

Edited by C.N.