BAKU, Azerbaijan, The Central Bank of Iran (CBI) announced an official rate of foreign currencies on November 1, Trend reports referring to CBI.

According to the currency exchange rate of the Central Bank of Iran, 9 currencies increased and 28 have decreased in price, compared to October 31.

According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 41,506 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 285,011 rials, and the price of $1 is 288,402 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 270,871 rials, and the price of $1 is 274,094 rials.

On the black market, $1 is worth about 330,000-333,000 rials, while 1 euro is worth about 328,000-331,000 rials.

Source: TREND News Agency