BAKU: The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on June 1, Trend reports via the CBI. Based on the bank's currency exchange rate, 37 currency prices increased, while seven fell compared to May 31. As for CBI, $1 equals 370,192 Iranian rials, and one euro equals 401,594 rials, while on May 31, one euro was 399,967 rials. In Iran, the official exchange rate is used for the import of some essential products. SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 490,154 rials, and the price of $1 is 451,828 rials. NIMA is a scheme for selling a percentage of the foreign money earned from exports. The price of one euro in this system amounted to 457,661 rials, and the price of $1 was 421,875 rials. On the black market, $1 is worth about 587,000-590,000 rials, while one euro is about 637,000-640,000 rials. Source: Trend News Agency
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