Azerbaijan, Baku, Nov.17/ Trend F.Milad/
U.S. dollar was sold at the price of 24,880 rials at Iran's forex center on Saturday, while Euro was sold at t 31,710 rials, the IRNA News Agency reported.
US dollar and Euro were traded at the 24,880 and 31,720 rials, respectively on Thursday.
The government has set the 28,500 rials price for the free market but the brokers still refuse to trade dollar at the mentioned price.
According to reports, businessmen are unhappy about the performance of the administration in regulating the foreign exchange market, saying it has caused instability in prices.
The new foreign exchange center was officially inaugurated on September 24 and some 86,000 applications have been registered at the center.
The new center allows importers of goods including truck tires, construction equipment and synthetic fibers to buy dollars at a rate 2 percent cheaper than the street rate at any given time.
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.
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