USD price falls at Iran’s Forex center

Business Materials 17 September 2014 13:25 (UTC +04:00)

Tehran, Iran, Sept. 17

By Milad Fashtami - Trend:

US dollar was sold at the price of 26,635 rials at Iran's forex center on Sept 17.

Euro was also presented at the price of 34,496 rials, while British pound was traded at 43,337 rials, Iran's IRNA News Agency reported.

Euro, British pound and US dollar were traded at the prices of 34,489, 43,256, and 26,636 rials on Tuesday.

US dollar was also sold at the price of 31,120 rials at the free market on September 17, while Euro and British pound were presented at the price of 41,400, and 51,700 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 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.