BAKU, Azerbaijan, August 14. The new edition of Iran's Bahar Azadi gold coin was sold for 839 million rials (about $1,439) on August 14, rising from 837 million rials (roughly $1,436) on August 13, 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 757 million rials (around $1,298).
A half coin was traded at 440 million rials (around $755), while a quarter coin sold for 258 million rials (about $442).
The valuation of one gram of 18-carat unrefined gold stood at 76 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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