BAKU, Azerbaijan, March 12. On March 11, 2024, the value of foreign money sold at Iran's money and Gold Exchange Center increased by $98.4 million compared to the day before, Iran’s Central Bank (CBI) said, Trend reports.
CBI data show that on March 11, roughly $254 million in various
currencies were exchanged at Iran's Currency and Gold Exchange
Center using the NIMA exchange rate. However, by March 10, 2024,
the figure was $156 million.
Meanwhile, on March 11, approximately $461 mln in foreign currency
was placed up for sale at the NIMA rate.
The Currency and Gold Exchange Center was established in Iran on
February 21, 2023, to prevent a rapid surge in the price of foreign
currency on the illegal market.
On March 12, according to the CBI's currency exchange rate, one
dollar was worth 42,000 Iranian rials and one euro was worth 45,898
rials. According to the CBI, various products can be imported at
this currency rate.
The CBI established the SANA system, which values one euro at
471,878 rials and one dollar at 431,802 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 439,774 rials, and the price of $1 was 402,425 rials.
On the black market, $1 is worth about 596,000–599,000 rials, while one euro is about 651,000–654,000 rials.