The Central Bank of Iran (CBI) announced an official rate for foreign currencies on October 29, Trend reports.
According to the currency exchange rate for the Central Bank of Iran, 8 currencies increased and 23 decreased in price compared to October 28.
According to the CBI, $1 equals 42,000 Iranian rials, and 1 euro equals 44,388 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 436,046 rials and the price of $1 is 412,584 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 396,405 rials, and the price of $1 is 375,076 rials.
On the black market, $1 is worth about 518,000–521,000 rials, while 1 euro is worth about 548,000–551,000 rials.
Source: TREND News Agency