BAKU, Azerbaijan, October 8. The new edition of Iran's Bahar Azadi gold coin was sold for 1.18 billion rials (about $1,969) on October 8, rising from 1.15 billion rials (roughly $1,974) on October 7, 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 1.13 billion rials (around $1,940).
A half coin was traded at 626 million rials (around $1,074), while a quarter coin sold for 351 million rials (about $602).
One gram of 18-carat raw gold was priced at 113 million rials (around $195).
Following the 1979 Islamic Revolution, Iran’s Central Bank began minting the Bahar Azadi gold coin, which is sold both wholesale and retail. The older design was produced from 1979 through 1991, after which the current version was introduced.
---
Follow the author on X: @BaghishovElnur
