BAKU, Azerbaijan, The Central Bank of Iran (CBI) announced the official rate of foreign currencies on June 12, Trend reports referring to CBI.

According to the currency exchange rate of the Central Bank of Iran, 14 currencies have grown and 22 have decreased in price, compared to June 11.

According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 44,178 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 278,901 rials, and the price of $1 is 265,147 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 264,388 rials, and the price of $1 is 251,350 rials.

On the black market, $1 is worth about 322,000-325,000 rials, while 1 euro is worth about 345,000-348,000 rials.

Source: TREND News Agency