Iran to establish foreign exchange market

Iran to establish foreign exchange market

Iran will open a foreign exchange market next week to help balance the official and free currency markets, Trend reports.

Iranian President Mahmoud Ahmadinejad ordered formation of the market.

The US dollar was worth 19,690 rials earlier this week. Euros and pounds were sold for 24,300 rials and 31,2010 rials respectively.

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