BAKU: The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on July 17, Trend reports via the CBI.

Based on the bank’s currency exchange rate, 1 currency prices went up and 44 currency prices went down compared to July 14.

As for CBI, $1 equals 390,677 Iranian rials, and one euro – 425,245 rials, while on July 14, one euro was 427,374 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 offices, where the price of one euro is 508,2888 rials and the price of $1 is 466,969 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 474,592 rials, and the price of $1 was 436,012 rials.

On the black market, $1 is worth about 580,000-583,000 rials, while one euro is about 633,000-636,000 rials.

Source: Trend News Agency