BAKU, Azerbaijan, February 8. The new edition of Iran's Bahar Azadi gold coin was sold for 729 million rials (about $1,276) on February 8, increasing from nearly 693 million rials (roughly $1,213) on February 6, the Iran Jewellery Association's web portal said, Trend reports.
To recall, on May 31, 2024, the Central Bank of Iran made the bold decision to adopt a floating foreign exchange rate system, resulting in highly unpredictable prices.
The prior edition of the coin was sold for 699 million rials (about $1,224).
The other versions of the new Bahar Azadi gold coin (different in weight and content) include 1/4 Bahar Azadi gold coins and 1/2 Bahar Azadi gold coins.
A 1/2 gold coin was sold for 398 million rials (about $697), and a 1/4 gold coin - for 210 million rials (about $367).
The price of one gram of 18-karat gold stood at 62.2 million rials (about $109).
To note, the coins showed up in Iran following the Islamic Revolution's victory in 1979. The Central Bank of Iran took action, issuing the coins for both wholesale and retail sales.
The bank minted the old gold coins between 1979 and 1991 before issuing new ones.
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