BAKU, Azerbaijan, April 17. Various foreign currencies sold at Iran's Foreign Currency and Gold Exchange Center at the NIMA rate decreased by $800,000 on April 16 compared to April 15, the Central Bank of Iran (CBI) said, Trend reports.
According to the information, $107 million worth of foreign currency was sold in Iran's Foreign Currency and Gold Exchange Center on April 16. Meanwhile, on April 15, foreign currency worth nearly $108 million was sold in Iran's Foreign Currency and Gold Exchange Center. A total of about $360 million worth of foreign currency was sold on April 15.
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 CBI today is $1, which is 42,000 rials, and one euro, which is 44,639 rials. The CBI notes that several goods can be imported at this rate.
The exchange rate announced by the CBI to banks and exchange offices is called the SANA system. According to this system, one euro was worth 463,052 rials, and $1 was worth 435,676 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 one euro is 432,024 rials, and the price of $1 is 406,482 rials.
The price of $1 in Iran's black market ranges from 654,000 to 657,000 rials, and the price of one euro ranges from 695,000 to 698,000 rials.
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