US dollar price falls at Iran's free market
Tehran, Iran, Nov. 23
By Milad Fashtami - Trend:
U.S. dollar was sold at the price of 32,440 rials at the free market on November 23.
Euro and British pound were also presented at the prices of 40,450 and 50,800 rials.
U.S. dollar, euro, and British pound were traded at the prices of 32,470, 40,600, and 51,000 rials, respectively, on Saturday.
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 dollar at the mentioned price.