Gold price rises on Iran's free market
Each Azadi gold coin was sold at the price of 15.45 million rials on Iran's free market on Tuesday. This is while the price of gold coin stood at 15.30 million rials on Monday afternoon.
The US dollar was also sold at the price of 39,000 rials on the free market on Tuesday, while the euro was presented at the price of 52,700 rials.
The euro and US dollar were traded at the prices of 52,000 and 38,000 rials on Monday.
The government has set the 28,500 rials price for the free market, but brokers refuse to trade dollar at the aforementioned price.
The dollar price had reached 40,000 rials in October but by inauguration of the foreign exchange centre prices fell to 27,000 rials.
Critics believe the Iranian government is not controlling the price of dollar on the free market on purpose. They claim that the government wants to take advantage of selling the dollar on the free market in order to compensate its lack of budget.
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.