BAKU: The Central Bank of Iran (CBI) posted an official foreign currency rate on April 16, Trend reports.

Based on the bank’s currency exchange rate, 21 currency prices grew, while 17 fell from April 15.

As for CBI, $1 equals 42,000 Iranian rials, and one euro equals 44,703 rials. On April 15, one euro was 45,725 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 463,719 rials and $1 at 435,677 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 432,646 rials, and the price of $1 was 406,483 rials.

On the black market, $1 is worth about 665,000-668,000 rials, while one euro is about 708,000-711,000 rials.

Source: Trend News Agency