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

Business Materials 16 September 2014 14:10 (UTC +04:00)

Tehran, Iran, Sept. 16
By Milad Fashtami - Trend:

US dollar was sold at the price of 26,636 rials at Iran's Forex center on September 16.
Euro was also presented at the price of 34,489 rials, while British pound was traded at 43,256 rials, Iran's IRNA News Agency reported on September 16.

Euro, British pound and US dollar were traded at the prices of 34,526, 43,260, and 26,631 rials on Monday.

US dollar was also sold at the price of 31,170 rials at the free market on September 6, while Euro and British pound were presented at the price of 41,650, and 51,950 rials, respectively.
The foreign exchange center was officially inaugurated on September 24, 2012.

The center allows importers of goods including truck tires, construction equipment and synthetic fibers to buy U.S. 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 U.S dollars each working day.

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