BAKU, Azerbaijan, May 4. The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on May 4, Trend reports via the CBI.
By the bank's currency exchange yardstick, the value of 46 currencies declined compared to May 3.
As for CBI, $1 equals 536,448 rials, and one euro is 606,190 rials, while on May 3, one euro was 615,976 rials.
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The CBI adopted the SANA system for currency exchange offices, where one euro costs 802,408 rials and $1 costs 710,091 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 780,552 rials, and the price of $1 totaled 690,750 rials.
On the black market, $1 is worth about 850,000–853,000 rials, while one euro is worth about 961,000–964,000 rials.
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