BAKU, Azerbaijan, The Central Bank of Iran (CBI) announced an official rate of foreign currencies on November 27, Trend reports referring to CBI.
According to the currency exchange rate of the Central Bank of Iran, 22 currencies increased and 12 have decreased in price, compared to November 26.
According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 43,725 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 302,610 rials, and the price of $1 is 290,672 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 290,900 rials, and the price of $1 is 279,424 rials.
On the black market, $1 is worth about 353,000-356,000 rials, while 1 euro is worth about 367,000-370,000 rials.
Source: TREND News Agency