BAKU, Azerbaijan, October 17. The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on October 17, Trend reports via the CBI.
According to the bank's currency exchange rate, 12 currencies increased and 31 decreased compared to 16 October.
As for CBI, $1 equals 444,694 Iranian rials and one euro is 483,479 rials, while on October 16, one euro was 484,801 rials.
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The CBI adopted the SANA system for currency exchange offices, where one euro costs 545,747 rials and $1 costs 501,967 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 526,275 rials, and the price of $1 totals 484,057 rials.
On the black market, $1 is worth about 633,000–636,000 rials, while one euro is about 687,000–690,000 rials.
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