BAKU, Azerbaijan, August 13. The new edition of Iran's Bahar Azadi gold coin was sold for 837 million rials (about $1,436) on August 13, increasing from 827 million rials (roughly $1,418) on August 12, the Iran Jewelry Association's web portal said, Trend reports.
On May 31, 2024, Iran’s Central Bank adopted a floating exchange rate system for foreign currencies, which has led to ongoing price fluctuations.
The older version of the Bahar Azadi coin, minted between 1979 and 1991, was sold for 756 million rials (around $1,297).
A half coin was traded at 442 million rials (around $758), while a quarter coin sold for 259 million rials (about $444).
The valuation of one gram of 18-carat unrefined gold stood at 75.6 million rials, approximately equivalent to $130.
In the aftermath of the 1979 Islamic Revolution, the Central Bank of Iran initiated the issuance of the Bahar Azadi gold coin, facilitating transactions in both wholesale and retail markets. The antecedent design iteration was operational from 1979 through 1991, subsequent to which the contemporary version was unveiled.
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