BAKU, Azerbaijan, March 14. The various foreign currencies traded at the NIMA exchange rate at Iran's foreign exchange and gold exchange center on March 13 fell by about $164 million compared to March 12, Iran's Central Bank said, Trend reports.
According to the report, $93.2 million worth of foreign currency was sold in Iran's currency and gold exchange center on March 13. Foreign currency worth $257 million was sold in Iran's currency and gold exchange center on March 12. A total of $325 million worth of foreign currency was sold on March 13.
To note, the Foreign Exchange and Gold Exchange Center in Iran started operating on February 21, 2023, to prevent the surge of foreign currencies in the black market.
The official exchange rate of the Central Bank of Iran today is 42,000 rials to 1 US dollar and 45,963 rials to 1 euro. The Central Bank of Iran notes that several products can be imported at this exchange rate.
The exchange rate announced by the Central Bank of Iran to banks and exchange offices is called the SANA system. According to this system, 1 euro was worth 473,354 rials, and 1 dollar was worth 432,545 rials.
The system in Iran in which businessmen sell a certain portion of foreign currency obtained by exporting products to the country's economy is called NIMA. According to this system, the price of 1 euro is 441,563 rials, and the price of 1 dollar is 403,494 rials.
The price of 1 dollar in Iran's black market ranges from 593,000-596,000 rials, and the price of 1 euro ranges from 649,000-652,000 rials.
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