BAKU: The Central Bank of Iran (CBI) announced an official rate for foreign currencies on February 24, Trend reports.
According to the Central Bank of Iran’s currency exchange rate, 20 currencies increased in price and 17 decreased in price compared to February 22.
The CBI states that one US dollar equals 42,000 Iranian rials and one euro equals 45,476 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 464,729 rials and the price of one dollar is 429,203 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 431,640 rials, and the price of $1 is 398,643 rials.
On the black market, $1 is worth about 569,000-572,000 rials, while 1 euro is worth about 616,000-619,000 rials.
Source: Trend News Agency