BAKU: The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on July 21, Trend reports via the CBI.
Based on the bank’s currency exchange rate, 1 currency price went up and 43 currency prices went down compared to July 20.
As for CBI, $1 equals 390,249 Iranian rials, and one euro – 424,809 rials, while on July 18, one euro was 425,764 rials.
In Iran, the official exchange rate is used for the import of some essential products.
The SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of one euro is 510,653 rials and the price of $1 is 469,109 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 476,901 rials, and the price of $1 was 438,010 rials.
On the black market, $1 is worth about 576,000-579,000 rials, while one euro is about 627,000-630,000 rials.
Source: Trend News Agency