BAKU: The Central Bank of Iran (CBI) posted an official foreign currency rate on April 23, Trend reports.

Based on the bank’s currency exchange rate, 16 currency prices grew while 22 fell from April 22.

As for CBI, $1 equals 42,000 Iranian rials, and one euro equals 44,718 rials. On April 22, one euro was 44,700 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 467,369 rials and $1 at 438,962 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 436,287 rials, and the price of $1 was 409,769 rials.

On the black market, $1 is worth about 649,000-652,000 rials, while one euro is about 691,000-694,000 rials.

Source: Trend News Agency