The Central Bank of Iran (CBI) announced an official rate for foreign currencies on December 3, Trend reports.

According to the currency exchange rate for the Central Bank of Iran, 25 currencies increased and 10 decreased in price compared to December 2.

According to the CBI, $1 equals 42,000 Iranian rials, and 1 euro equals 45,703 rials.

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

The SANA system is a system introduced by the Central Bank of Iran to the currency exchange outlets, where the price of 1 euro is 457,781 rials and the price of $1 is 420,781 rials.

NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from exports.

The price of 1 euro in this system is 416,255 rials, and the price of $1 is 382,528 rials.

On the black market, $1 is worth about 501,000-504,000 rials, while 1 euro is worth about 546,000-549,000 rials.

Source: Trend News Agency