BAKU, Azerbaijan, The Central Bank of Iran (CBI) announced an official rate of foreign currencies on August 28, Trend reports referring to CBI.

According to the currency exchange rate of the Central Bank of Iran, 14 currencies have grown and 21 have decreased in price, compared to August 27.

According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 41,861 rials.

In Iran, the official exchange rate is used for the import of some essential products.

SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 278,500 rials, and the price of $1 is 279,427 rials.

NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from export.

The price of 1 euro in this system is 265,459 rials, and the price of $1 is 266,343 rials.

On the black market, $1 is worth about 295,000-298,000 rials, while 1 euro is worth about 295,000-298,000 rials.

Source: TREND News Agency