BAKU: The Central Bank of Iran (CBI) announced an official rate for foreign currencies on February 20, Trend reports.
With reference to the Central Bank of Iran’s currency exchange rate, 16 currencies grew in price while 21 declined compared to February 19.
The CBI states that one US dollar equals 42,000 Iranian rials and one euro equals 45,234 rials.
In Iran, the official exchange rate is used for the import of some essential products.
The SANA system is a currency exchange system implemented by the Central Bank of Iran in which the price of one euro is 462,259 rials and the price of one dollar is 429,213 rials.
NIMA is a scheme for selling a percentage of the foreign money earned from exports.
The price of 1 euro in this system is 427,666 rials, and the price of $1 is 397,093 rials.
On the black market, $1 is worth about 567,000-570,000 rials, while 1 euro is worth about 610,000-613,000 rials.
Source: Trend News Agency