BAKU: The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on May 25, Trend reports via the CBI.

Based on the bank’s currency exchange rate, 19 currency prices increased, while 18 fell compared to May 23.

As for CBI, $1 equals 42,000 Iranian rials, and one euro equals 45,576 rials, while on May 23, one euro was 45,513 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 486,263 rials, and the price of $1 is 448,111 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 454,026 rials, and the price of $1 was 418,404 rials.

On the black market, $1 is worth about 576,000-579,000 rials, while one euro is about 625,000-628,000 rials.

Source: Trend News Agency