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US dollar sold at 26,757 rials at Iran’s forex center

Business Materials 16 November 2014 15:38 (UTC +04:00)

Tehran, Iran, Nov. 16

By Milad Fashtami - Trend:

The US dollar was sold at the price of 26,757 rials at Iran's forex center on Nov. 16.

Euro was also presented at the price of 33,515 rials, while British pound was traded at 41,926 rials.

Euro, British pound and US dollar were traded at the same prices on Nov.15.

The US dollar was also sold at the price of 32,470 rials at the free market on Nov. 16, while Euro and British pound were presented at the prices of 40,850, and 51,250 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.

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

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