BAKU: The Central Bank of Iran (CBI) posted an official foreign currency rate on April 24, Trend reports.

Based on the bank’s currency exchange rate, 28 currency prices grew while 7 fell from April 23.

As for CBI, $1 equals 42,000 Iranian rials, and one euro equals 44,490 rials. On April 23, one euro was 44,718 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 470,889 rials and $1 at 440,382 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 439,674 rials, and the price of $1 was 411,189 rials.

On the black market, $1 is worth about 645,000-648,000 rials, while one euro is about 690,000-693,000 rials.

Source: Trend News Agency