Baku, Azerbaijan, Jan. 14
By Fatih Karimov - Trend: The U.S. dollar was sold at the price of 34,470 rials at the free market on Jan. 14. It was sold at the price of 34,700 rials on Jan. 13.
Euro and British pound were also presented at the prices of 41,240 and 52,750 rials, Iran's Mehr news agency reported on Jan. 14.
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.
Edited by CN