The Central Bank of Iran (CBI) announced an official rate for foreign currencies on October 7, Trend reports.
According to the currency exchange rate for the Central Bank of Iran, 25 currencies increased and 11 decreased in price compared to October 5.
According to the CBI, $1 equals 42,000 Iranian rials, and 1 euro equals 44,500 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 outlets, where the price of 1 euro is 436,627 rials and the price of $1 is 412,099 rials.
NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from exports.
The price of 1 euro in this system is 396,933 rials, and the price of $1 is 374,635 rials.
On the black market, $1 is worth about 496,000–499,000 rials, while 1 euro is worth about 525,000–528,000 rials.
Source: Trend News Agency