US dollar and British pound rise, euro falls in Iran

Business Materials 16 December 2014 18:19 (UTC +04:00)

Baku, Azerbaijan, Dec. 16

By Fatih Karimov - Trend:

The US dollar was sold at 34,580 rials in Iran's free market on Dec. 16, a 330-rial rise compared to Dec. 15, Iran's Fars news agency reported.

Euro was sold at 43,380 rials, a 150-rial decrease compared to the day before.

Pound was also sold at 54,200 rials, a 150-rial rise compared to Dec. 15.

Meanwhile, the Central Bank of Iran has put official rates of US dollar, euro, and pound at 26,975 rials, 33,603 rials, and 42,222 rials, respectively.

During ex-President Mahmoud Ahmadinejad's second term, Iran's rial lost its value by about four times.

Each USD was sold at 9,830 rials in 2009, but the figure reached 36,000 in mid-2013, when Hassan Rouhani replaced Ahmadinejad.