BAKU: The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on August 20, Trend reports via the CBI.
According to the bank’s currency exchange rate, 44 currency prices saw an increase, while 2 currency prices took a dip compared to August 19.
As for CBI, $1 equals 409,767 Iranian rials and one euro – 453,610 rials, while on August 19, one euro was 447,782 rials.
The CBI adopted the SANA system for currency exchange offices, where one euro costs 543,552 rials and $1 costs 491,016 rials.
NIMA is a scheme for selling a percentage of the foreign money earned from exports.
The price of one euro in this system amounted to 500,969 rials, and the price of $1 was 452,549 rials.
On the black market, $1 is worth about 586,000-589,000 rials, while one euro is about 650,000-653,000 rials.
Source: Trend News Agency