The Central Bank of Iran (CBI) announced an official rate for foreign currencies on December 5, Trend reports.

According to the Central Bank of Iran’s currency exchange rate, 26 currencies grew in price and 10 declined in price compared to December 4.

The CBI states that one dollar equals 42,000 Iranian rials and one euro equals 45,455 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 outlets, where the price of 1 euro is 457,335 rials and the price of $1 is 422,577 rials.

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

The price of 1 euro in this system is 415,759 rials, and the price of $1 is 384,161 rials.

On the black market, $1 is worth about 503,000-506,000 rials, while 1 euro is worth about 544,000-547,000 rials.

Source: Trend News Agency