BAKU: The Central Bank of Iran (CBI) announced an official rate for foreign currencies on January 31, Trend reports.
According to the Central Bank of Iran’s currency exchange rate, 24 currencies increased in price and 13 decreased in price compared to January 30.
The CBI states that one US dollar equals 42,000 Iranian rials and one euro equals 45,542 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 465,412 rials and the price of one dollar is 429,210 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 428,553 rials, and the price of $1 is 395,218 rials.
On the black market, $1 is worth about 580,000-583,000 rials, while 1 euro is worth about 629,000-632,000 rials.
Source: Trend News Agency