BAKU: The Central Bank of Iran (CBI) posted an official foreign currency rate on April 22, Trend reports.

Based on the bank’s currency exchange rate, nine currency prices grew while 20 fell from April 21.

As for CBI, $1 equals 42,000 Iranian rials, and one euro equals 44,700 rials. On April 21, one euro was 44,771 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 465,364 rials and $1 at 437,250 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 432,294 rials, and the price of $1 was 408,057 rials.

On the black market, $1 is worth about 646,000-649,000 rials, while one euro is about 689,000-692,000 rials.

Source: Trend News Agency