BAKU, Azerbaijan, October 20. The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on October 20, Trend reports via the CBI.
According to the bank's currency exchange rate, 44 currencies increased and 1 decreased compared to 19 October.
As for CBI, $1 equals 443,408 Iranian rials and one euro is 481,900 rials, while on October 19, one euro was 483,591 rials.
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The CBI adopted the SANA system for currency exchange offices, where one euro costs 546,179 rials and $1 costs 502,553 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 528,732 rials, and the price of $1 totals 486,499 rials.
On the black market, $1 is worth about 640,000–643,000 rials, while one euro is about 696,000–699,000 rials.
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