The Central Bank of Iran (CBI) has announced the official rate of foreign currencies on August 12, Trend reports referring to CBI.
According to the currency exchange rate of the Central Bank of Iran, 16 currencies have increased and 22 have decreased compared to August 11.
According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 49,212 rials.
In Iran, the official exchange rate is used for import of some essential products.
SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 257,383 rials, and the price of $1 is 213,873 rials.
NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from export. The price of 1 euro in this system is 221,898 rials, and the price of $1 is 187,860 rials.
In the black market, $1 is worth about 212,000-215,000 rials, while 1 euro is worth about 256,000-259,000 rials.
Source: TREND News Agency