Iran’s free market sees growth of gold coin price

Each Azadi gold coin was sold at the price of 14.26 million rials at Iran's free market on Tuesday.

It is while the price of gold coin stood at 14.23 million rials on Monday.

US dollar was also sold at the price of 37,500 rials at the free market on Tuesday, while Euro was presented at the price of 50,000 rials.

Euro and US dollar were traded at the prices of 49,200 and 37,000 rials on Monday.

The government has set the 28,500 rials price for the free market but the brokers refuse to trade dollar at the mentioned price.

Critics believe that Iranian government is not controlling the price of dollar at the free market on purpose.

They claim that the government wants to take advantage of selling dollar at the free market in order to compensate its lack of budget.

The government maintains an official reference rate of 12,260 rials to the dollar, but only a limited amount of foreign exchange is available at this rate.


/Trend/