BAKU: The Central Bank of Iran (CBI) posted an official foreign currency rate on April 27, Trend reports.

Based on the bank’s currency exchange rate, 23 currency prices grew while 12 fell from April 25.

As for CBI, $1 equals 42,000 Iranian rials, and one euro equals 44,884 rials. On April 25, one euro was 44,882 rials.

In Iran, the official exchange rate is used for the import of some essential products.

The CBI established the SANA system, which values one euro at 472,329 rials and $1 at 441,980 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 441,017 rials, and the price of $1 was 412,680 rials.

On the black market, $1 is worth about 629,000-632,000 rials, while one euro is about 673,000-676,000 rials.

Source: Trend News Agency