BAKU, Azerbaijan, April 4. Various foreign currencies sold at Iran's Foreign Exchange and Gold Exchange Center at the NIMA rate rose by $67.7 million on April 3 compared to April 2, the Central Bank of Iran said, Trend reports.
According to the information, about $131 million worth of foreign currency was sold in Iran's Foreign Exchange and Gold Exchange Center on April 3. Foreign currency worth $63 million was sold in Iran's Foreign Exchange and Gold Exchange Center on April 2. A total of more than $280 million worth of foreign currency was sold on April 3.
To note, Iran's Currency and Gold Exchange Center started operating on February 21, 2023, to prevent a sharp rise in the prices of foreign currencies on the black market.
The official exchange rate of the Central Bank of Iran today is 1 US dollar, which is 42,000 rials, and 1 euro, which is 45,471 rials. The Central Bank of Iran notes that several goods can be imported at this 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 470,541 rials, and 1 dollar was worth 434,626 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 438,931 rials, and the price of 1 dollar is 405,429 rials.
The price of 1 dollar in Iran's black market ranges from 633,000 to 636,000 rials, and the price of 1 euro ranges from 686,000 to 689,000 rials.
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