BAKU: The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on June 2, Trend reports via the CBI.

Based on the bank’s currency exchange rate, 45 currency prices increased, while one fell compared to June 1.

As for CBI, $1 equals 370,777 Iranian rials, and one euro equals 402,344 rials, while on June 1, one euro was 401,594 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 490,294 rials, and the price of $1 is 451,827 rials.

NIMA is a scheme for selling a percentage of the foreign money earned from exports.

The price of one euro in this system amounted to 457,791 rials, and the price of $1 was 421,874 rials.

On the black market, $1 is worth about 585,000-588,000 rials, while one euro is about 635,000-638,000 rials.

Source: Trend News Agency