Gold coin, forex prices continue to fall at Iran’s free market
Tehran, Iran, May 5
By Milad Fashtami - Trend:
Each Bahar-e Azadi gold coin was sold at the price of 10.13 million rials at Iran's free market on May 5.
Each Bahar-e Azadi gold coin was presented at the price of 10.16 million rials on Sunday.
Bahar-e Azadi Coin is an Iranian limited circulation minted gold coin offered by the Central Bank of Iran (CBI).
U.S. dollar was also sold at the price of 32,870 rials at the free market on May 5, while Euro was presented at the price of 45,650 rials.
U.S. dollar and Euro were traded at the prices of on 33,000 and 46,000 rials on Sunday.
Iran's national currency, the rial, lost about 50 percent of its foreign exchange value in less than a week in October 2012, standing at 35,500 versus the US dollar. It was close to 10,000 in early 2011.
The government has set the 28,500 rials price for the free market but the brokers refuse to trade dollar at the mentioned price.