BAKU, Azerbaijan, October 23. The latest iteration of Iran's Bahar Azadi gold coin transacted at nearly 1.14 billion rials (about $2,020) on October 23, reflecting a growth from the previous day's valuation of about 1.13 billion rials (around $2,002) on October 22, 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 1.07 billion rials (around $1,915).
A half coin was traded at 585 million rials (around $1,041), while a quarter coin sold for 336 million rials (about $598).
One gram of 18-carat unrefined gold was valued at 109 million rials (approximately $193).
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.
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