Forex, gold coin prices fall at Iran’s free market
Tehran, Iran, July 22
By Milad Fashtami - Trend:
Each Bahar-e Azadi gold coin was sold at the price of 9.51 million rials at Iran's free market on July 22.
Each Bahar-e Azadi gold coin was presented at the price of 9.55 million rials on Monday, Iran's IRNA News Agency reported on July 22.
The 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 31,300 rials at the free market on July 22, while euro was presented at the price of 42,500 rials.
U.S. dollar and euro were traded at the prices of 31,350 and 42,500 rials on Monday.
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 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 dollars at the mentioned price.
Edited by CN