Forex prices rise at Iran's free market
Tehran, Iran, Dec. 15
By Milad Fashtami - Trend:
U.S. dollar was sold at the price of 34,730 rials at the free market on Dec. 15. Euro and British pound were also presented at the prices of 43,420 and 54,880 rials, Iran's ISNA News Agency reported on Dec. 15.
U.S. dollar, euro, and British pound were traded at the prices of 34,280, 42,900, and 51,975 rials, respectively, on Dec. 14.
Iran's national currency, the rial, lost about 50 percent of its foreign exchange value in less than a week in October 2012. 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.