BAKU, Azerbaijan, October 16. The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on October 16, Trend reports via the CBI.
According to the bank's currency exchange rate, 43 currencies increased and 2 decreased compared to 15 October.
As for CBI, $1 equals 444,780 Iranian rials and one euro is 485,801 rials, while on October 15, one euro was 482,191 rials.
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The CBI adopted the SANA system for currency exchange offices, where one euro costs 547,021 rials and $1 costs 501,864 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 526,488 rials, and the price of $1 totals 483,026 rials.
On the black market, $1 is worth about 628,000–631,000 rials, while one euro is about 684,000–687,000 rials.
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